Aussie unemployment edges up ahead of US tariffs

The unemployment rate rose to 4.1% from a downwardly revised 4% in February. — Bloomberg

Canberra: Australia’s jobless rate edged higher in March while employment increased less than expected, suggesting a slight loosening of the labour market even before any impact from a wave of US tariffs.

The unemployment rate rose to 4.1% from a downwardly revised 4% in February and less than the 4.2% forecast, government data showed yesterday.