Australia’s unemployment rate has dropped to four percent, the lowest rate since August 2008, as the economy added around 77,000 jobs according to the latest figures from the Australian Bureau of Statistics (ABS). The country’s overall employment increased to 13,372,000 with monthly hours worked increasing by 149 million hours. “With employment increasing by 77,000 people and unemployment falling by 19,000, the unemployment rate fell by 0.2 percentage points, to 4.0 per cent,” Bjorn Jarvis, head of labour statistics at the ABS, said in a release. “This is the lowest unemployment rate since August 2008 and only the third time in the history of the monthly survey when unemployment was as low as 4.0 percent (February 2008, August 2008, February 2022),” he said. The last time the unemployment rate was lower was 48 years ago in 1974, when the ABC survey was conducted quarterly. “The 3.8 percent unemployment rate for women …