Australia unemployment rate at lowest in nearly 50 years1 min read . Updated: 19 May 2022, 08:15 AM IST
Australia: 3.9% is the lowest the unemployment rate has been in the monthly survey
Australia's unemployment rate stood at the lowest in almost 50 years in April that may increase pressure on the central bank for further hikes in interest rates. According to data released by the Australian Bureau of Statistics (ABS), the seasonally adjusted unemployment rate for April 2022 was 3.9% per cent, as compared to a downwardly revised 3.9% in March.
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