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The Canberra Times
The Canberra Times
National
Georgina Sebar

The jobs market is holding steady, what does that mean for my mortgage?

The unemployment rate has held steady, but experts are divided on whether a rate hike in August can be taken off the table.

Just over 76,000 people found work in June, according to the latest data released by the Australian Bureau of Statistics, but the unemployment rate has held steady at 4.4 per cent thanks to an additional 13,000 people looking for work.

Those numbers add up to a 0.3 per cent increase in the participation rate - or the number of people in Australia over the age of 15 who are either employed or looking for work - bringing it up to 67 per cent of the population, the highest it has been in a year.

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