Unemployment rate in Australia falls to its lowest level in decades
Australia's unemployment rate has fallen to its lowest level in 48 years. Credit: Peter Dazeley/Getty Images
The unemployment rate in Australia fell to 3.4 per cent in July, the lowest level since August 1974. The latest data from the Australian Bureau of Statistics (ABS), however, shows hours worked are down, wages are stagnant, and the gender pay gap is widening.
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