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Australian Unemployment Falls, Supporting Case for RBA Rate Hold

Australian Unemployment Falls, Supporting Case for RBA Rate Hold

Bloomberg5 days ago
Australia' jobless rate ticked lower and employment rose, signaling the labor market remains tight and reinforcing the Reserve Bank's cautious approach to policy easing.
The jobless rate fell to 4.2% in July, from a four-year high of 4.3% the prior month, matching economists' forecasts, data from the Australian Bureau of Statistics showed Thursday. Employment rose by 24,500 driven entirely by full-time roles.
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