Australian shares rose on Friday and were on track for a fifth straight weekly gain, as an October rate cut by the country’s central bank appeared more certain following weak domestic jobless data that heightened growth concerns.
Australian employment rose in August but the jobless rate worsened to a one-year high of 5.3% as more people looked for work, a sign of spare capacity in the labor market that reinforced expectations of more central bank stimulus.
The man, reportedly under ‘depression’ over being jobless, hanged himself from the ceiling fan in his rented room at Saroornagar locality.
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