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Australia Unemployment Rate 5.7% In September

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The unemployment rate in Australia came in better than expected for the month of September, the Australian Bureau of Statistics said on Thursday, standing at 5.7 percent. That beat analyst expectations for 5.9 percent after posting a 5.8 percent increase in August.

The total change in employment showed that the Australian workforce added 40,600 jobs in September - 35,400 full-time and 5,200 part-time - defying expectations for a decline of 10,000 jobs after the revised loss of 26,100 jobs in August.

The participation rate moved up to 65.2 percent from 65.1 percent in the previous month.

(Market News Provided by RTTNews)

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