Unemployment plunges to 3.5 per cent, with nearly 90,000 jobs added in June

Australia's official unemployment rate has dropped to 3.5 per cent, with an estimated 88,400 jobs added to the economy last month.

This is a steep fall from the 3.9 per cent unemployment rate seen for the previous three months, and sets a fresh record low jobless rate since the Australian Bureau of Statistics (ABS) jobs numbers became monthly in 1978.

"This is the lowest unemployment rate since August 1974, when it was 2.7 per cent and the survey was quarterly," ABS head of labour statistics Bjorn Jarvis said.

"The 3.4 per cent unemployment rate for women was the lowest since February 1974 and the 3.6 per cent rate for men was the lowest since May 1976."

Read More: https://www.abc.net.au/news/2022-07-14/unemployment-abs-jobs-data-june-2022/101237778