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AAP
AAP
Business
Jacob Shteyman

Signs of cooling labour market in surprise job numbers

The unemployment rate held steady despite a fall in jobs with multiple factors swaying the numbers. (David Crosling/AAP PHOTOS)

Australia's labour market shows signs of cooling with a surprise fall in employment, raising the case for more Reserve Bank interest rate cuts.

Although the unemployment rate held steady at 4.2 per cent in August, 5400 jobs were lost from the economy, the Australian Bureau of Statistics reported on Thursday.

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