Australian Unemployment Falls for First Time in 5 Months

Australia’s jobless rate fell for the first time in five months as employment unexpectedly surged, driving the currency to a 14-month high. The number of people employed jumped 40,600 from August, the biggest gain in almost two years, cutting the jobless rate to 5.7 percent from 5.8 percent, the statistics bureau said in Sydney today.
 Governor [...]

Australian Economy Recession Proof

One more reason for moving to Australia. Unlike most other economies Australia’s remains largely recession proof and even grew strongly in 2009. Even so, the Australian government has been taking precautions and implemented an economic stimulus plan. The ruling Labor government has put in place A$67 billion in short- and long-term economic stimulus since the collapse [...]