Australia's unemployment rate fell to 5.8 percent in February in the latest evidence that the economic recovery continues.
It was a much bigger-than-expected drop, as economists were expecting it to fall slightly to 6.3%.
Last month, 89,000 people took up new jobs – which was also better than what the market had expected.
ABC's Peter Ryan says bets are rising that the Reserve Bank might raise interest rates earlier than expected - providing the end of Jobkeeper doesn't create a shock.
Here's my report from The World Today
No comments:
Post a Comment
What's your view on this?