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AAP
AAP
Jacob Shteyman

Unemployment nears five-year high ahead of rates call

Australia's jobless rate rose to 4.6 per cent in August, in a somewhat surprising result. (Susie Dodds/AAP PHOTOS)

Australia's unemployment rate has climbed to its highest level in almost five years, as the nation's labour market continues to ease gradually.

But the unexpected rise in the jobless rate to 4.6 per cent in August is unlikely to dissuade the Reserve Bank from raising interest rates for a fourth time at its upcoming board meeting.

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