Australia’s unemployment rate rises to 3.8% in March as employers shed more than 6,000 jobs

The Reserve Bank and treasury had predicted the ABS-reported unemployment rate would rise from February’s 3.7% as interest rates squeeze demand

Australia’s economy shed 6,600 jobs last month as employers responded to weak demand by trimming staff numbers.

The participation rate dropped 0.1 percentage points to 66.6%, with total hours worked edging 1m higher to 1.93bn. Australia’s labour market has been strong since the rebound from the Covid pandemic, unemployment touching 3.4% in November 2022, the lowest since the 1970s.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

GuardianAus /  🏆 1. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Morning News Bulletin 24 March 2024Tasmania appears to have a hung parliament, Russia arrests 11 suspects after shooting rampage kills at least 133 people, and in Formula One racing, Daniel Ricciardo has been eliminated in the Grand Prix's Q1.
Read more »

Evening News Bulletin 24 March 2024The Tasmanian Premier looks for support from Independents after being unable to secure a majority government, Federal housing ministers debate policy - after a new report suggests a chronic shortage of tradies, Australia's Gabriela Ruffels is in contention for an LPGA Tour victory in California.
Read more »

Midday News Bulletin 24 March 2024Tasmania appears to have a hung parliament, at least eight people are reported dead after strikes in central Gaza, and in tennis, Australia's Chris O'Connell has advanced to the third round of the Miami Open.
Read more »

Midday News Bulletin 25 March 2024In this bulletin, the government will ask the Fairwork Commission to increase wages in line with inflation; New report calls for blanket protections of LGBTQIA+ students; And in Rugby League, Newcastle's Leo Thompson faces a one game ban for tackling Storm's Papenhuyzen mid-air.
Read more »

SBS News in Easy English 25 March 2024A daily 5 minute news wrap for English learners and people with disability.
Read more »

Evening News Bulletin 25 March 2024Intelligence boss Mike Burgess says secrecy laws must remain strong; Hearings into injustices against First Nations people in Victoria begin; And in AFL, Carlton confident its early bye won't halt their momentum on Good Friday.
Read more »