Australian jobless rate declined to 4.9% in April

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Source: Forexpros
Australian jobless rate decreased unexpectedly in April, reported Australian Bureau of Statistics. The rate of unemployment in the country tumbled to 4.9% on a seasonally adjusted basis in April as compared to 5.2% in March. Experts predicted the jobless rate to increase to 5.3% in April. Following the data release, Australian Dollar appreciated against its US counterpart and AUD/USD traded at 1.0098, soaring by 0.49%.


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