BREAKING: The jobless rate dropped to 3.4 per cent in July as a further 20,000 people exited the dole queue, and there is now more job vacancies than there are people seeking employment.
The jobless rate dropped to 3.4 per cent in July as a further 20,000 people exited the dole queue, and there is now likely more job vacancies than there are people seeking employment, according to the Bureau of Statistics.
“The fall in unemployment in July reflects an increasingly tight labour market, including high job vacancies and ongoing labour shortages,” said ABS head of labour statistics Bjorn Jarvis.the decades-low jobless rate is pushing the economy to its limits With less than 474,000 people currently unemployed, there is less than one job vacancy for every person looking, and many businesses say the issue is not being able to find people with appropriate skills.
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