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Australia jobless rate hits near 5-year high of 4.5% in July

Net employment fell 15,800 in July from June when it jumped a revised 80,300.

  • Australia's jobless rate reached 4.5% in July, near a five-year high
  • Net employment decreased by 15,800 in July, down from June's 80,300 increase
  • Reserve Bank of Australia unlikely to raise interest rates in September

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