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AAP

Business

Jacob Shteyman

Strong jobs growth data deflates February rate cut hope

Unemployment Reserve Bank Inflation Paul Bloxham

Some 56,000 jobs added to the economy in December are substantially more than markets expected. (Bianca De Marchi/AAP PHOTOS)

Australia's jobs market continues to show "remarkable" resilience with stronger than expected employment growth tempering hopes of a February rate cut.

About 56,000 jobs were added to the economy in December, the Australian Bureau of Statistics reported on Thursday, well above market expectations of 15,000 new jobs.

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