Lowest unemployment rate in five years

The Australian economy has recorded another solid month of employment gains, although part-time positions accounted for the majority of the gain. The ABS released employment estimates for September and the total number of people employed in Australia in either full-time or part-time work increased by 19,800. This figure exceeded the market’s median expectation of 15,000 new positions. Bond yields fell just prior to the release of the figures but they...

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