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ASX rises; Zip soars 20pc; Cleanaway plunges on CEO exit – The Australian Financial Review
The sharemarket is stronger as Afterpay leads rally. Zip jumps on quarterly update. Netwealth jumps 11 per cent as funds rise to $38.8b. Cleanaway tumbles as CEO…
The Australian Bureau of Statistics released data earlier on Thursday showing the unemployment rate fell to 6.6 per cent in December, down from 6.8 per cent in November.
The jobless rate fell as the economy added 50,000 new jobs and the participation rate climbed to 66.2 per cent from 66.1 per cent.
Here is the reaction to the data from leading market economists.
Justin Smirk, Westpac senior economist
The labour market recovery has been far stronger than anticipated.
Westpac senior economist Justin…
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