Australian employment down -14.6k, but hours worked continue to rise

<p>Australia witnessed a contraction in employment by -14.6k in July, starkly missing expectations of a 15.2k growth. This decline was majorly attributed to a drop in full-time jobs by -24.2k, even as part-time employment saw an increase of 9.6k. Unemployment rate rose from 3.5% to 3.7%, surpassing market anticipations which had pinned it at 3.6%. […]</p>
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