Property 101: March unemployment numbers drop from 6 percent to 5.8 percent
Joel RobinsonDecember 7, 2020
The ABS have release figures showing unemployment rate dropping from 6 percent to 5.8 percent from January to February.
Nine News finance editor Ross Greenwood said it takes real pressure off the Reserve Bank when it comes to considering interest rate cuts.
New South Wales unemployment rate has dropped to 5.3 per cent.
South Australia's unemployment rate increased for 6.6 percent to 7.7 percent from January to February.
Finance expert Pete Wargent took to Twitter to show the unemployment rates across the country, highlighting the southern states struggles
Joel Robinson
Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.