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

  • Written by Jeff Borland, Professor of Economics, The University of Melbourne
3.5% unemployment: Australia's jobless rate at its lowest since 1974Shutterstock

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:...

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

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