Australia’s Unemployment Rate Returns to Record Low in February

Staff at Lux Cafe serve food in Melbourne, Australia, on Oct. 22, 2021. Darrian Traynor/Getty Images

An employment surge has seen Australia’s jobless rate fall to a 48-year low across June and December 2022.

According to the latest data from the Australian Bureau of Statistics (ABS), the unemployment rate dropped from 3.7 percent in January to 3.5 percent in February as 64,600 Australians found a job during the period.