Unemployment falls to 3.7 per cent from 4.1 per cent

Australia’s unemployment rate has fallen to 3.7 per cent from 4.1 per cent. “We’ll see reactions no doubt in the Australian dollar, which is likely to fall as a result of this”, Sky News Business Editor Ross Greenwood said. “It’s likely to be seen in the stock market, where the stock market is likely to be even higher again. “On top of that also, it’s just trying to figure out where these jobs have come from as well. “For the Reserve Bank to consider interest rate cuts in the future, it really very much would be seeing the unemployment rate rising and not falling in this way.”