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AUSTRALIA’S JOBLESS RATE RISES

Australia’s unemployment rate has jumped to six per cent in January, which was worse than market expectations.

As Prime Minister Malcolm Turnbull’s new-look cabinet was sworn in, new figures revealed the number of people in employment fell by 7,900 in January.

Full-time employment numbers dropped by more than 40,000, while those in part-time work rose to almost 33,000.

Economists had predicted the jobless rate would remain at 5.8-per cent.

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