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The Australian sharemarket surged in March, with the All Ordinaries Index increasing 5.2% to close at 4,893.1 points.  International markets were also higher.  The Dow Jones Index closed up 5.6%, the FTSE closed up 5.9%, the Hang Seng closed up 2.5% and the Nikkei 225 closed up 9.6% for the month.

The Australian Bureau of Statistics said Australia's unemployment rate rose to a seasonally adjusted 5.3% in February, from a revised 5.2% in January, and that 400 new jobs were created in the month