After a dismal few weeks of reports on slow growth and possible downward dips in both the Canadian and the American economy, there is no such news for Australia. Australia, on the contrary, has reported that it is enjoying an employment number of 11.1 million working Aussies, keeping their unemployment rate at a low 5.1 per cent. This news has sent their dollar and stock market soaring. The Bureau of Statistics in Australia reported that their economy has created 45,900 jobs in June alone, a far cry from the previously forecast 15,000. Employment minister, Simon Crean states, “Australia’s strong labour force figures stand in stark contrast to the stubbornly high unemployment rates still being experienced in many other advanced economies, where the aftershocks from the crisis are continuing to reverberate. Australia’s unemployment rate is clearly the envy of most of our major trading partners.” This news has also seen the Australian dollar climb…

July 30th, 2010
Money maker
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