Australian job cuts signal slowdown, keep jobless rate steady at 5.7pc

Australian employers unexpectedly cut payrolls in July and unemployment held at an almost four-year high, denting Prime Minister Kevin Rudd's bid for a come-from-behind election win.

via Business feed http://www.scmp.com/business/economy/article/1295372/australian-job-cuts-signal-slowdown-keep-jobless-rate-steady-57pc