The nation’s unemployment rate will sink as low as 3.8% when the Australian Bureau of Statistics reports labour data for March, economists say. That would be the lowest rate since 1974.
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Australia’s official unemployment rate predicted to fall below 4% as staff shortages bite
Australia’s official jobless rate could drop below 4% as soon as Thursday, market economists predict, as labour shortages force some restaurants to limit services, and recruiters dangle hefty pay increases to lure talent.
