Australian unemployment unexpectedly fell in March, indicating the central bank’s effort to shore up confidence with record-low interest rates is showing signs of paying off. The local currency surged. The jobless rate dropped to 6.1 percent from a revised 6.2 percent, the statistics bureau said in Sydney on Thursday, following annual seasonal reanalysis of data. That compares with a median estimate of 6.3 percent in a Bloomberg survey of 29 economists. The number of people employed advanced by 37,700. The Reserve Bank of Australia kept its key interest rate unchanged at a record-low 2.25 percent last week, after ... (full story)