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AAP
AAP
Politics
Poppy Johnston

Pressure coming off RBA as jobs market loses some heat

the Australian Bureau of Statistics Economy
The unemployment rate rose from 3.9 per cent in March to 4.1 per cent in April, latest figures show. (Mick Tsikas/AAP PHOTOS)

Australian employers are still hiring but the size of the workforce is growing faster than the number of jobs being created, in a development that bodes well for borrowers waiting for interest rate cuts.

The unemployment rate rose to 4.1 per cent in April, the Australian Bureau of Statistics said on Thursday, up from the revised-higher figure of 3.9 per cent in March.

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