Australia’s unemployment rate inches higher to 4.1% in June making a rate cut less likely

Jobless figure up from 4% in May, despite 50,100 new roles being created across the economy, raising prospect of higher RBA interest rates

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Australia's jobless rate rose in June even as employers added the most new positions since February as more people started looking for work.

The unemployment rate in June was 4.1% seasonally adjusted, the Australian Bureau of Statistics said on Thursday. That compared with the 4.1% pace expected by economists and the 4% rate previously reported for May.

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