Jobless rate to tick higher to 4pc; Telstra unveils billion dollar profit on strong mobiles growth

We'll get another snapshot on the health of the economy when official employment figures are released later this morning. The jobless rate is expected to tick slightly higher - but will that be enough to convince the Reserve Bank the economy is slowing enough to consider interest rate cuts? Also, Telstra reveals a billion dollar half year profit on the back of strong mobiles growth.