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AAP
AAP
Politics
Jacob Shteyman

Rise in unemployment shows jobs market softening slowly

Inflation Westpac Unemployment Andrew Hauser Economy Reserve Bank
The latest employment figures could ease the need for Australia's central bank to raise rates. (Christopher Hopkins/AAP PHOTOS)

Australia's unemployment rate has climbed to 4.5 per cent, adding to the case for the Reserve Bank to hold off on hiking interest rates again.

The result was driven by a fall in jobs of 15,800, well below consensus forecasts for a rise in employment of 12,000.

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