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Australian Employment Unexpectedly Falls in August
Australian employment figures have surprised economists, revealing an unexpected fall of 5,400 jobs in August, according to the latest data. This follows a gain of 24,500 jobs in July. The unemployment rate remained steady at 4.2 per cent, aligning with consensus forecasts reported by Bloomberg. Market expectations had anticipated the creation of 21,000 new jobs and a stable unemployment rate. A closer look at the data reveals a decline in full-time employment, with 40,900 fewer full-time positions in August. This was partially offset by an increase in part-time employment, which rose by 35,500 jobs. The ... (full story)
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