Rising jobless rate threatens resilient economy; RBA gov Michele Bullock quizzed on Stage 3 tax cuts

Rising jobless rate threatens resilient economy as consumers spend up on gyms, cruises and Taylor Swift Caption: Cracks are appearing in Australia's economy with the unemployment job rising to 4.1 percent in January. Economists previously optimistic about resilient jobs market now see greater pressure on the Reserve Bank to cut interest rates. Commonwealth Bank chief economist Stephen Halmarick says despite the pressures, cautious consumers are spending up on gym memberships, cruises .. and Taylor Swift. Reporter: Peter Ryan, Senior Business Correspondent Featured: Stephen Halmarick, Commonwealth Bank chief economist; Michele Bullock, RBA governor Keywords: