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Tue Jul 19

3.5% unemployment: Australia's jobless rate at its lowest since 1974

Written by Jeff Borland, Professor of Economics, The University of Melbourne

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It’s not an academic way to start an article about Australia’s latest jobs numbers, but all I can think is “wow”.

The official unemployment rate in June fell to 3.5%. It’s almost 50 years – August 1974, to be exact – since it was lower.

How we got there was through more people getting hired:...

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