Unemployment rate falls to 6.1% after surprise increase of 37,700 jobs
by Australian Associated Press from on (#7540)
The latest labour data shows big increase in full-time work in a timely boost for treasurer Joe Hockey as he prepares for next month's budget
Australia's unemployment rate has fallen to 6.1% as the economy added a surprisingly strong number of jobs.
The figure, which most economists had expected to remain static at 6.3%, will make the chances of another rate cut in May less likely.
Related: Australia's economy: is the lucky country running out of luck?
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