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Unemployment hits five-year high as rate hike looms
Published 3 days, 2 hours ago
Description
Australia's unemployment rate has risen from 4.5 per cent to 4.6 per cent in August, reaching a five-year high. Despite 39,500 people finding work during the month, the tight labour market is expected to prompt the Reserve Bank of Australia to raise interest rates by 25 basis points next Tuesday.
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