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Business Advice

Shares fall as unemployment rate rises

Australian shares fell lower today, losing half a percent after ABS data showed unemployment rose to 5.2%. At 3pm, the ASX200 gave up 0.58% to 4072.7, while the broader All Ordinaries index fell 0.59% to 4110.8. The dollar rallied ahead of the jobs data before falling, buying $US1.01870.
Myriam Robin
Myriam Robin
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Australian shares fell lower today, losing half a percent after ABS data showed unemployment rose to 5.2%.

At 3pm, the ASX200 gave up 0.58% to 4072.7, while the broader All Ordinaries index fell 0.59% to 4110.8.

The dollar rallied ahead of the jobs data before falling, buying $US1.01870.

About the author

Myriam Robin

Myriam Robin is a reporter for SmartCompany and its sister site LeadingCompany. She has degrees in economics, international studies and journalism. She likes writing about businesses taking risks and doing new things.

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