Australia’s unemployment rate drops to lowest point in more than 13 years
Economy adds 64,800 jobs in December, but ABS survey period did not include economic disruption caused by Omicron wave
- Follow our Australia news live blog for the latest updates
- Get the free Guardian app; get our morning email briefing
Australia’s jobless rate dropped to the lowest in more than 13 years as the economy burst out of the post-lockdown gates in late 2021, generating momentum that has prompted one of the nation’s big four banks to bring forward its prediction of the first hike in official interest rates.
The economy added 64,800 jobs in December, lowering the unemployment rate to 4.2% from a previously reported 4.6% in November when a record number of extra positions were taken up, the Australian Bureau of Statistics said.
Sign up to receive an email with the top stories from Guardian Australia every morning
Read the original article at The Guardian