Australia's unemployment rate 'is impressively low'

Mozo

Friday 08 April 2011

The number of people in work in Australia and so in a position to open savings accounts to keep money for a rainy day is impressively high, it has been claimed.

Australia 'has impressively low unemployment rates'

Treasurer Wayne Swan noted that the unemployment rate in the country is only 4.9 per cent, which he said contributes to the nation's strong economy, reports the AAP.

"An unemployment rate with a four in front of it reinforces why Australia's economy is the envy of the developed world," he asserted.

He observed that despite the natural disasters that have struck areas of the country, there are still signs of "typical Aussie resilience".

Mr Swan asserted that the strong employment figures were a good example of this.

Aussies who do have jobs were recently advised by finance experts David and Libby Koch to ensure they have at least six months' salary readily accessible in a savings account.

They noted that this could help to serve as a buffer if people unexpectedly find themselves out or work or unable to earn.

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