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Weak US jobs data sends Australian stocks lower: Afternoon market insights

The Australian sharemarket started the week lower, slumping nearly 1% as it followed offshore leads. At 2.30pm, the ASX200 gave up 0.93% to 4119.3, while the broader All Ordinaries index lost 0.90% to 4161.3. The Australian dollar also softened, buying $US1.0193. The United States added only 80,000 new jobs in June, leaving unemployment at 8.2%.
Myriam Robin
Myriam Robin
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The Australian sharemarket started the week lower, slumping nearly 1% as it followed offshore leads.

At 2.30pm, the ASX200 gave up 0.93% to 4119.3, while the broader All Ordinaries index lost 0.90% to 4161.3.

The Australian dollar also softened, buying $US1.0193.

The United States added only 80,000 new jobs in June, leaving unemployment at 8.2%.

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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