Australia’s jobless rate is at its lowest in nearly 50 years, working hours up 1.3% in April

By Yajush Gupta · 19 May 2022 · AU Election 2022

Australia’s jobless rate is at its lowest in nearly 50 years, working hours up 1.3% in April

Aussie economy hits historic low: what's behind the surge?

Australia's jobless rate has plummeted to a nearly 50-year low, but what does this mean for the country's future? As working hours rise, the question on everyone's mind is: will this economic boom last?

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Summary

The ABS reported that the seasonally adjusted unemployment rate for April 2022 was 3.9 per cent.