Australia Alarmed as Unemployment Soars!

Australia’s unemployment rate soars to 5.7%!  Wait, am I hearing something wrong here?  5.7%?  America wishes they were so lucky (with a 9.2 unemployment rate).

I realize this is an increase, from the previous measure of 5.5%, but it’s also another example of Australia being one of the peak performers in this GFC, if not the healthiest economy on Earth.  Even though this is “bad” news in Oz, if you think about it, its actually really great news too!