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Unemployment drops to 4.9 percent

Michael McLaren

Julie Toth, Chief Economist Ai (Australian Industry) Group, joins Michael to discuss the latest Australian Bureau of Statistics figures which show Australia’s unemployment rate for June fell for the eighth month in a row to now be under 5 percent.

 

The unemployment rate fell from 5.1 per cent to 4.9 per cent, the lowest unemployment rate in a decade, as full-time employment increased by 51,600, offset by a 22,500 decline in part-time employment, on a seasonally-adjusted basis.

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Michael McLaren
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