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Although new jobs are created, there is no improvement on the unemployment rate, which remains at 5.4%. However this is a sign of economic improvement in Australia. And the 71,500 are just a start, more jobs were planed for February (9000). In 2011 Economists have predicted a resource boom, due to the monetary policy by the governor Glenn Steves. The bank has tried to boost certain sectors in the economy, however he kept the interest rates at 3%. That might cut into the current boom and slow it down. The main concern is on the value of the Australian dollar.

Even though there had been a rise in total workforce, unemployment has not improved and remained at 5.4%. Nevertheless, there are optimistic signs of economic improvement for Australia.

This article presents the increases in gas prices that are upsetting consumers all over the world. There is an "unconventional gas" boom going on ,which is affecting the market and supplies for gas in the States. The issues are global, though, and conserns politicians if this rise in price keeps up.

Welcome back to the wonderfully confusing world of economics. In class we've only scratched the surface of monetary policy and, if there's one thing the world is good at, it's making things so much more complicated than you would imagine. However, as this article says, the FOMC is trying to bring us back to simpler time. They want to make policy decisions clear cut, a 1 step approach for deciding how to act during inflation, deflation, recession, and boom. Not a bad idea, but can they pull it off. I guess we'll find out.

The article discusses the story of the shrinking U.S. trade deficit is essentially the story of the U.S. oil boom. The last time the U.S. came close to balancing out the trade deficit, at least in terms of its share of GDP, was just after a recession ended in 1991. The big issue is whether the U.S. can continue to expand its economy while also shrinking its trade deficit-something it hasn't been able to do for a generation or more. The U.S. will start exporting natural gas at some point over the next few years.