Australian shares trim losses as jobless rate rises
Australian shares pared early losses after data showed the unemployment rate rose to a five-year high of 4.6% in August. Investors continue pricing in a potential rate hike by the central bank next week.
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Australia shares fell 0.8% to 8,693.30 on Thursday morning as weak resource stocks weighed on the market. The S&P/ASX 200 index trimmed earlier losses after hitting its lowest level since June 12.
