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flag Australia's unemployment rate hit 4% in December, complicating the Reserve Bank's interest rate decision.

flag Australia's unemployment rate rose to 4% in December, despite adding 56,000 jobs, more than expected. flag This robust jobs market may delay the Reserve Bank of Australia from cutting interest rates in February. flag While the participation rate hit a record high of 67.1%, full-time jobs decreased while part-time jobs surged. flag Economists are divided, with some predicting an eventual rate cut due to inflation slowing, while others believe the strong labor market indicates no immediate need for a reduction.

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