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Australia's job boom continues

06-11-2010 08:59 BJT

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Australia's jobless rate has dropped to a four month low of 5.2 percent. Analysts had expected an unchanged rate of 5.4 percent.

The strengthening job market shows actual spending power is being dramatically boosted. And that could build pressure, for the central bank to raise the cash rate. The Reserve Bank of Australia has lifted rates 150 basis points since October.

Editor:Du Xiaodan |Source: CCTV.com

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