Australians are being warned of a 'super-sized' rate rise in coming weeks, after the unemployment rate dropped to its lowest level in 48 years. Gabrielle_Boyle 9News LATEST:
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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