Australia’s unemployment rate falls to 3.5% – the lowest in almost 50 years

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Australia’s unemployment rate falls to 3.5% – the lowest in almost 50 years
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Fall in unemployment rate from 3.9% to 3.5% is higher than forecast by most economists and brings rate to the lowest point since August 1974

Australia’s unemployment rate plummeted to 3.5% in June, the lowest rate in 48 years.

“The large fall in the unemployment rate this month reflects more people than usual entering employment and also lower than usual numbers of employed people becoming unemployed.

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