The Reserve Bank of Australia could be forced to increase interest rates as soon as May after surprisingly strong employment gains led some economists to warn that the central bank has not done enough to cool the economy.
About 53,000 people found work in March, according to data released by the Australian Bureau of Statistics on Thursday, outstripping forecasts for modest employment growth of 20,000.
Loading...
Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
