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Strong jobs print prevents RBA from cutting rates

September 19, 2024 - 11:51 -- Admin

The Australian Bureau of Statistics (ABS) released the labour force survey for August, which recorded strong job growth of 47,500 but an unchanged unemployment rate of 4.2%: However, the underemployment rate rose by 0.1% to 6.5%, and the number of hours worked posted a modest rise of 0.4%. The participation rate was also unchanged at

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