The Australian Bureau of Statistics released its labour market figures on Thursday. Australia's unemployment rate fell to 6.1% in March from 6.2% in February.

February's figure was revised up from 6.3%.

Analysts had expected the unemployment rate to rise 6.3%. The number of employed people in Australia rose by 37,700 in March, exceeding expectations for an increase by 15,100, after a gain by 41,900 in February.

February's figure was revised up from a rise by 15,600.

The gain was driven by increases in full-time employment. Full-time jobs increased by 31,500 in March, while part-time jobs climbed by 6,100.

The participation rate climbed to 64.8% in March from 64.7% in February. February's figure was revised up from 64.6%.