The unemployment is now the main reason of worry for the Australian government. The Australian Prime Minister Julia Gillard had claimed that she will change the scenario of entire Australian economy after her party came to power.

But now it seems that everything is going against her as the ratio of unemployment is increasing in a regular interval. It has been told that her party may be going to lose the upcoming election which will be held on 21st of August.

According to the report, the percentage of unemployment has risen to 5.3% on July which was 5.1 in the previous month. The jobless effect is going to force economy downwards and will make critical situations for the coming days. This has been forecasted by the economists.

Due to this kind of down fall in unemployment, the value of Australian Dollars are also decreasing and also making interest value higher and higher. The crisis may persist till 2011, as per the economists. The interest value has been raised unbelievably six times in the last three months for the first time since the October of the previous year by the Reserve Bank of Australia.