Australia Jobless Rate Unexpectedly Dropped to 6.1% in March
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Australia’s jobless rate unexpectedly fell in March, spurring a jump in the local dollar on optimism the central bank’s effort to shore up the economy with record-low interest rates is paying off.
Unemployment dropped to 6.1 percent from a revised 6.2 percent in February, as the number of people employed rose 37,700, the statistics bureau said in Sydney on Thursday.