11.06.2015 - Unemployment in Australia fell to 6.0%

Today was published statistics on the unemployment rate in Australia, which has pleased investors and kept the Australian dollar from falling, despite the strengthening of the US dollar. Thus, the figure fell to 6.0%, against expected growth to 6.2%. In April, the unemployment rate was 6.1%. It is worth noting that the number of employed people increased by 42.0 thousand, against an expected rise by only 12.1 thousand. Despite the improved labor market situation, we expect the price decline of the Australian dollar due to low commodity prices and a drop in investment in the mining sector.

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