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Technically our unemployment rate now begins with a '3'. How do we keep it there?

  • Written by Jeff Borland, Professor of Economics, The University of Melbourne
Technically our unemployment rate now begins with a '3'. How do we keep it there?shutterstock

The official employment figures say the unemployment rate for March was 4.0%, exactly the same as a month earlier.

But if you’re prepared to download the spreadsheet and work it out, you’ll find that expressed to two decimal places the rate actually fell, from 4.04% to 3.95%.

The Bureau of Statistics confirms this by...

Read more: Technically our unemployment rate now begins with a '3'. How do we keep it there?

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