The move higher beat expectations the rate would hold steady. The data showed the participation rate had decreased to 66.7%, while the underemployment rate fell to 6.1%.

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The seasonally adjusted unemployment rate jumped to 3.7% in April from March’s 3.5%, according to Australian Bureau of Statists data released today.

The move higher beat expectations the rate would hold steady. The data showed the participation rate had decreased to 66.7%, while the underemployment rate fell to 6.1%.

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