Murray Olds: Australian correspondent on Australia's unemployment rate rising to 4.1 percent
Australia's unemployment rate rose to 4.1 percent in January from 4 percent in December, in line with expectations from economists.
According to the Australian Bureau of Statistics, employment increased by 44,000 last month, with full time positions increasing and part time roles dropping.
Australian correspondent Murray Olds says the Reserve Bank is largely hoping the unemployment rate keeps growing - so they can bring rates down further.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.