Unemployment ticks lower in Australia.

 Headline numbers obscured rising unemployment in resource-rich Western Australia, where the mining industry (which accounts for 20% of the country's GDP) is suffering from weaker economic growth in China and a stubbornly high aussie (FXA). The jobless rate in Western Australia rose to 5.25% in April from 4.8% in March, hitting its highest level since 2010 and rising more than a full percentage point YTD. Meanwhile, the headline unemployment figure, which of course includes data from Victoria, New South Wales, and Queensland, printed at 5.5% for April, down from 5.6% in March.