The last time the jobless rate was this low was November 1974 – but flat wages and job insecurity are still prevalent
On the face of it, another month of Australia’s unemployment remaining around the 4% mark should be cause for celebration.
Since the Australian Bureau of Statistics began releasing labour force figures in 1978, it has never released a figure as low as March’s official estimate of 3.95% (or, in its full, geeky glory, of 3.9542384%). The last time it was this low was in November 1974.
Continue reading...source https://www.theguardian.com/australia-news/2022/apr/15/are-australias-unemployment-figures-cause-for-celebration-or-is-the-devil-in-the-detail
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