Australia's unemployment rate has dropped to its lowest level on record in almost 50 years. 9News
New data from the Australian Bureau of Statistics showed that in June 2022 the unemployment rate fell by 0.40 per cent as more than 54,000 people found themselves in work.
"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. "In line with large numbers of COVID-19 cases in June, the number of people working reduced hours due to illness continued to be high. This reflected ongoing disruption associated with the Omicron variant and cases of influenza," Jarvis said.
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