Unemployment rate jumps to 4.1 per cent in January

The unemployment rate has risen to 4.1 per cent in January. The unemployment rate rose slightly higher than expected – most economists had predicted a flat four per cent figure. It's the first time since January 2022 that the unemployment rate has been above four per cent. Sky News Australia Business Editor Ross Greenwood said "the unemployment rate has increased to 4.1 per cent ... in many, many months". Full time employment has increased by 11,059 and part time employment has fallen by 10,578. The figures were released by the Australian Bureau of Statistics at 11:30am on Thursday.