Murray Olds: Australian correspondent on Australia's unemployment rate holding steady at 4.2 percent - Heather du Plessis-Allan Drive

Australia's national unemployment rate held steady at 4.2 percent in August.

The number of employed people grew by 47,500, and the number of unemployed people declined by 10,500, according to reports.

Australian correspondent Murray Olds says this will encourage the Reserve Bank to hold off on cutting interest rates when they next meet.

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