Australian jobless rate at highest since 2003

Source: RTT News
© Scanpix/RS
Australia's unemployment rate increased significantly in the first month of 2014 missing an initial economists' forecast and recording the highest reading since 2003, a report published by the Australian Bureau of Statistics showed on Thursday. The country's jobless rate came in 6.0% in January, while it was forecast to growth to 5.9%, the same level recorded in December.

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