RBA Faces Pressure From Low Unemployment

Australia's unemployment rate held at 4.1 percent in recent data, even after a series of interest rate hikes and inflation running at 3.8 percent, economists said this week. The unexpectedly tight jobs market — with only 17,800 positions added in February versus 20,000 expected and a rising 29 percent public-sector share — raises pressure on the Reserve Bank to consider further rate increases.