Australian unemployment falls below six percent in March: official figures
April 11, 2014, 12:02 am TWN
SYDNEY--Australian unemployment fell below 6.0 percent in March, official data revealed Thursday, surprising analysts who had expected a higher figure and raising hopes that the jobless rate may have peaked.
The Australian Bureau of Statistics said unemployment dropped from a revised 6.1 percent in February to 5.8 percent aided by a 40,200 lift in part-time positions, which offset a fall in full-time jobs.
“The number of people employed increased by 18,100 to 11,553,200 in March,” the bureau said.