AUSTRALIA'S JOBLESS RATE FELL TO 5.6% IN MARCH
The Australian economy is gradually recovering from the crisis caused by the coronavirus pandemic. Against this background, the unemployment rate continues to decline. According to the country's statistics office, it was 5.6% in March, which is only 0.4 percentage points higher than the figure recorded in Australia before the outbreak of the pandemic. The number of new jobs was 70,700 in March. Employment reached a record high of 66.3%.
At the same time, employment among women has already slightly exceeded the pre-pandemic level. Bjorn Jarvis, who heads the Australian Bureau of Statistics, said that the recovery in the number of jobs in the regions of the country is uneven. The leaders are the states of Washington and Queensland, where the number of jobs is already higher than before the crisis. This was facilitated by the recovery of investment in mining enterprises. The economic growth rate in these states exceeds the growth rate in other regions of Australia.
AUDUSD is 0.7745 now and trend is bullish.