Australia's unemployment rate rises defying market expectations

to 3.7 per cent in April, defying market expectations with economists forecasting it would remain flat.

ABS head of labour statistics Bjorn Jarvis said even though the unemployment rate has risen, it is comparatively historically low to the levels seen in 2022. "The small fall in employment followed an average monthly increase of around 39,000 people during the first quarter of this year."

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