The Australian economy is on a solid footing right from the middle of 2009. It was the first country to start raising the interest rates. So far the country has been able to realize more money for the valuable industrial commodities it produces.
Yes it has been seeing robust demand for coal and iron ore and also Uranium from China and India. So it has been able to open up many new mines and employ more people. The official records indicate a further drop in the jobless rate in the country to less than 5.5% as of January 2010.
Given the continuing demand for coal and iron ore, we can only expect Australia to perform better in the coming months also.