The Australian unemployment rate was 4.0 per cent in March - a drop from more than 5.0 per cent in September 2021, according to the Australian Bureau of Statistics. This economic indicator shows the Australian economy slowly climbing back from the severe impacts of the COVID-19 pandemic.
In the United States, the unemployment rate in March 2022 was 3.6 per cent, according to the Bureau of Labor Statistics of the US Department of Labor. This was a major decline from 6.3 per cent in January 2021 and reflects a similar strong economic comeback as Australia's. Before COVID-19 struck, the US unemployment rate was 3.6 per cent but soared to almost 15 per cent in April and May 2020 during the peak of the crisis.
Unemployment rate, September 2019 - March 2022