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Australia Jobless Rate Sinks To 4.9% In February

The unemployment rate in Australia came in at a seasonally adjusted 4.9 percent in February, the Australian Bureau of Statistics said on Thursday - beneath expectations for 5.0 percent, which would have been unchanged from the January reading.

The Australian economy added 4,600 jobs in February, shy of forecasts for the addition of 15,000 jobs following the gain of 38,300 jobs in the previous month.

The participation rate was 65.6 percent, below expectations for 65.7 - which would have been unchanged from a month prior.

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