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AAP
AAP
Business
Jacob Shteyman

BIZARRE: Jobs data to help guide reserve bank s may rates move | Mind Blowing Facts

Despite the rising unemployment rate, 48,900 jobs were added to Australia's economy in February. (Joel Carrett/AAP PHOTOS)

Noisy jobs data has revealed a tight labour market, giving the Reserve Bank the green light to further hike interest rates despite a spike in unemployment.

The jobless rate jumped to 4.3 per cent in February, despite almost 50,000 more people finding a job, the Australian Bureau of Statistics revealed on Thursday.

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