Australia continues to make a strong recovery from the pandemic-induced recession.
Employment rose by more than 70,000 in March, the sixth consecutive monthly rise in employment. Australia has now recovered all lost jobs during the pandemic. In fact, the level of employment was higher than the pre pandemic peak in February 2020. Retail trade rose 1.4% in March – the strongest monthly rise since November 2020, reflecting steadily improving consumer confidence driven by a combination of positive pandemic news and rising house prices.