Jobless rate dips to 5.6pc, 70k new jobs in March as Commonwealth Bank boss Matt Comyn describes economic recovery as "miraculous"

Australia's unemployment rate fell to 5.6pc in March with another 70,700 jobs added to the economy according to the ABS. 

The latest figures put the jobless rate just 0.4 of a per cent above where it was prior to the mass job losses seen at the beginning of the COVID-19 pandemic. 

Commonwealth Bank chief executive Matt Comyn says the jobless rate could fall to 4.7pc by the end of 2022 describing the recovery as "miraculous". 

Here's my analysis from The World Today.