Unemployment Rate 2024 Australian Economy

Unemployment Rate 2024 Australian Economy. Australian unemployment dipped last month and job gains exceeded estimates, highlighting the resilience of the country’s labor market to elevated interest rates and high immigration. The small drop in employment led.

Australia’s headline unemployment rate was 4 per cent in may, down 0.1 percentage points from april. It’s the first time in two years that the unemployment figure has been above 4 per cent.