Australia's Economy Added Fewer Jobs Than Expected in September
The Australian economy added fewer jobs than economists had expected, potentially easing pressure on the Reserve Bank of Australia to raise interest rates next month.
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SYDNEY - The Australian economy created fewer jobs than expected in September, which could ease pressure on Reserve Bank of Australia (RBA) to increase interest rates next month.
According to the Australian Bureau of Statistics, data released on Thursday shows that the number of people employed has increased by 6,700 since August. This is compared to market expectations of 20,000 new jobs.