Australia’s unemployment rate has fallen below four percent for the first time as 4,000 people found employment, the Australian Bureau of Statistics (ABS) revealed on Thursday, two days before the federal election.
ABS head of labour statistics Bjorn Jarvis said the jobless rate for April, at 3.9 percent, was the lowest recorded rate since the monthly survey began.
“The last time the unemployment rate was lower than this was in August 1974, when the survey was quarterly,” he said.
It was driven by a 0.2 percent fall in unemployment for males to four percent, the lowest level since October 2008. Female unemployment has remained steady at 3.7 percent for the second month, the lowest since May 1974….