Australia's new employment figures spur hopes of an economic recovery, with more than 100,000 new jobs created last month

The unemployment rate unexpectedly fell to 6.8 per cent in August from 7.5 per cent the previous month, fuelling optimism that Australia may have passed the worst of the pandemic recession.

Treasurer Josh Frydenberg. Source: AAP

Australia's unemployment rate has unexpectedly fallen to 6.8 per cent in August as another large jump in employment was reported with COVID-19 restrictions easing across most states.

The number of people unemployed fell below one million after rising to a record high in July, according to figures released by the Australian Bureau of Statistics on Thursday.

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