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New figures released this week show an increase in Australia’s unemployment rate, with the RBA tipped to make further interest rate cuts to halt the rise. Australia’s unemployment rate rose to its highest level in almost two and a half years during September. The increase to 5.4% from August’s 5.1% was higher than expected. However, in Queensland a figure of 6.4% is the highest unemployment rate of all the mainland states. However, in Queensland a figure of 6.4% is the highest unemployment rate of all the mainland states.

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