Australia cenbank gov hopeful unemployment will not rise much more

Fri, 07 Mar - 8:57am

SYDNEY, March 7 (Reuters) - Australia's central bank governor said on Friday he was hopeful that unemployment will not rise too much further.

Glenn Stevens, testifying before the House of Representatives Standing Committee on Economics, said the unemployment rate will likely rise "a little further" yet.

Data last month showed Australia's jobless rate unexpectedly jumped to a decade high of 6 percent in January.

(Reporting by Wayne Cole; Editing by Chris Reese)

((ian.chua@thomsonreuters.com)(+6129373 1871)(Reuters Messaging: ian.chua.thomsonreuters.com@reuters.net))

Keywords: AUSTRALIA RBA/EMPLOYMENT

URN: 
urn:newsml:reuters.com:20140306:nS9N0DN01U:6
Topics: 
AU JOB FRX ASIA DBT LEN RTRS INT BACT CEN PLCY MCE MMT RBA GVD

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