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AAP

Politics

Poppy Johnston

RBA to get jobs piece of the puzzle ahead of rates call

RBA Australia Inflation United States

Australia's central bank will sift through fresh jobs numbers ahead of the cash rate call next month.

In the lead-up to that call the Australian share market on Friday closed at its highest level ever after a bigger-than-expected inflation drop in the US firmed bets the Federal Reserve will cut interest rates.

In Australia official labour force data has been coming in consistently strong even as higher interest rates slow the economy and other jobs market indicators, such as vacancies and ad numbers, lose momentum.

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