Low Unemployment Rate Wasn’t Due to Luck: Australian Treasurer

Federal Treasurer Josh Frydenberg delivers his National Press Club budget address at Parliament House in Canberra, Australia, on March 30, 2022. Martin Ollman/Getty Images

Australia’s unemployment rate remained unchanged in March 2022, which failed to meet economists’ expectations but still gave confidence to authorities.

Earlier, economists had anticipated the unemployment rate to drop slightly to 3.9 percent in March, reaching the lowest level since the 1970s.