Static Australian unemployment rate makes near-term interest cut unlikely
by Peter Hannam Economics correspondent from World news | The Guardian on (#6S6XH)
The jobless rate in October was 4.1%, according to the Australian Bureau of Statistics
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Australia's unemployment rate held steady last month as employers kept hiring at almost the pace of a swelling population.
The jobless rate in October was 4.1%, the Australian Bureau of Statistics said on Thursday. The result was in line with economists' forecasts and matched a similar outcome for September.
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