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Australia: Labor market beats expectations in October
Newest studying: The seasonally adjusted unemployment fee eased to 4.3% in October from 4.5% in September, beneath market expectations. The variety of unemployed folks declined in October, with fewer people looking for each part-time and full-time work.
In the meantime, general employment rose by 42,200 in October, following a revised 12,700 enhance in September. October’s studying was above market forecasts and marked a brand new excessive. Full-time positions expanded whereas part-time roles contracted.
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