Hopes of a rate cut fade following rise in unemployment

Hopes of an early cut to interest rates have been dampened with a lower than anticipated rise in unemployment. Unemployment rose to 3.8 per cent in March. he updated figures show a 0.1 per cent rise in unemployment since February. The market lose more than 6,000 jobs despite forecasts predicting an increase of 3.9 per cent. Unemployment figures are expected to continue rising in the coming months, likely delaying any RBA rate cuts.