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Australia's unemployment rate has edged up to 4.6 per cent, the highest level in almost five years. An extra 39,500 people were in a job in August while 28,200 more were unemployed, the Australian Bureau of Statistics reported on Thursday. As a result, the participation rate climbed 0.2 percentage points to a near-record high 67.1 per cent. The participation jump clouded the signal from the release, with the jobless rate and the employment gain both exceeding expectations. The forecasting consen
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