Australia’s unemployment rate rises to 4.1% reducing chance of another RBA interest rate hike

Jobless rate increases from a revised 3.9% in March but it's a mixed picture with employers adding 38,500 jobs overall

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Australia's jobless rate rose more than expected last month as more people looked for work, easing risks of another Reserve Bank rate hike.

The unemployment rate in April was 4.1%, seasonally adjusted, compared with a revised 3.9% for March, the Australian Bureau of Statistics said on Thursday. Economists had predicted the jobless rate would edge higher for a third consecutive month to 3.9%.