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AAP

Business

Jacob Shteyman

Spike in jobless rate unlikely to end RBA hiking cycle

Reserve Bank Pat Bustamante Michele Bullock Inflation RBA Unemployment

Despite the rising unemployment rate, 48,900 jobs were added to Australia's economy in February. (Joel Carrett/AAP PHOTOS)

Noisy jobs data has revealed a tight labour market, giving the Reserve Bank the green light to further hike interest rates despite a spike in unemployment.

The jobless rate jumped to 4.3 per cent in February, despite almost 50,000 more people finding a job, the Australian Bureau of Statistics revealed on Thursday.

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There was no evidence that the two had ever met.

We Got This Covered

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Tennessee man allegedly leaves baby inside car in an area with ‘heavy foot traffic and intoxicated individuals.’ Then he’s spotted waiting in line at a bar

Take care of your little ones!

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Sports Illustrated

One subscription that gives you access to news from hundreds of sites

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How the death of two CIA agents in northern Mexico led to a treason case

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