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Australia's unemployment rate held steady at 4.1%, despite job losses, due to fewer people seeking work.
Australia's unemployment rate stayed at 4.1% in February, despite losing 53,000 jobs.
The rate remained steady as the number of unemployed dropped by 11,000, with the participation rate falling to 66.8%.
This tight labor market, marked by a record participation rate and growth in full-time work, has contributed to wage increases.
Critics argue the labor market is artificially tight due to an expansion in non-market sector jobs.
The Reserve Bank will monitor these trends to decide on interest rates.
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La tasa de desempleo de Australia se mantuvo estable en el 4,1%, a pesar de la pérdida de puestos de trabajo, debido a que menos personas buscaban trabajo.