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Australias unemployment rate remains at 3.5% in March

According to figures issued today by the Australian Bureau of Statistics, the seasonally adjusted unemployment rate stayed 3.5% in March.

After a robust 3.8% increase in February, the seasonally adjusted monthly hours worked were decreased by 0.2% in March 2023, representing a tight labor market.

Seasonally adjusted employment and hours worked, indexed to March 2020