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The New Daily

Politics

Matthew Elmas

Economists discount unemployment rise amid ‘bright’ jobs outlook

Unemployment Callam Pickering Sarah Hunter Sean Langcake

Unemployment has risen for the first time in 10 months, but economists aren't worried. Photo: AAP

Australia’s unemployment rate ticked up for the first time in 10 months during August as more Australians looking for work offset a solid rise in employment.

Economists said the figures are a sign the jobs market is close to full capacity, with no signs yet that rising interest rates are weighing on employment numbers.

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