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Politics

Poppy Johnston

Australia's jobless rate hits two-year high

the Reserve Bank Michele Bullock Westpac

Australia's jobless rate has lifted to above four per cent for the first time in two years. (Jono Searle/AAP PHOTOS)

Cracks are starting to appear in the Australian labour market, with the jobless rate reaching a two-year high.

The jobless rate as measured by the Australian Bureau of Statistics breached the four per cent threshold for the first time in two years - reaching 4.1 per cent in January, up from 3.9 per cent in December.

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