How to invest in share market with ACE Investors

Despite the pandemic and the after-effects of supply chain disruption and higher inflation, Australia once again demonstrated its resilience with a record low unemployment rate and growing household consumption. Australia is the 14th-largest national economy by nominal GDP (Gross Domestic Product) and the 20th-largest by PPP-adjusted GDP. As of June 2022, Australia's GDP was estimated at A$1.725 trillion. According to data released by the Australian Bureau of Statistics (ABS), Australia's seasonally adjusted unemployment rate fell 0.1 percentage points to 3.4 percent in October 2022. Bjorn Jarvis, head of labor statistics at the ABS, said: "With employment increasing by around 32,000 people, and the number of unemployed decreasing by 21,000 people, the unemployment rate fell by 0.1 percentage point to 3.4 percent". Men's seasonally adjusted unemployment rate fell 0.3 percentage points to 3.2 percent, the lowest rate since November 1974. For women, it remained steady at 3.6 percent. The seasonally adjusted participation rate remained steady at 66.5 percent, slightly below the historical high of 66.7 percent.

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