Shock as unemployment rate falls to 6.8 per cent with more than 100,000 jobs created

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Shock as unemployment rate falls to 6.8 per cent with more than 100,000 jobs created
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The unemployment rate unexpectedly fell to 6.8 per cent in August from 7.5 per cent the previous month.

Australia's unemployment rate has unexpectedly fallen to 6.8 per cent in August as another large jump in employment was reported with COVID-19 restrictions easing across most states.

The number of people unemployed fell below one million after rising to a record high in July, according to figures released by the Australian Bureau of Statistics on Thursday. Economists' forecasts had centred on a fall of 35,000 jobs in the month with the unemployment rate ticking up to 7.7 per cent.

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