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Australia in surprise jobs boost

Thursday, 13 March 2014


Australia's economy added 47,300 jobs in February - three times what many analysts had been expecting. The boost follows two months of disappointing jobs growth, leading many to worry about a slowdown in the country's economy. The unemployment rate held steady at 6% as more workers said they were looking for jobs. Australia's economy has been helped by the central bank's decision to keep interest rates low to boost demand, according to BBC.