Employment drops below 4% for the first time in 70 years

by | May 19, 2022 | Lobbyland

The ABS has released the April 22 Labor Force statistics.

Unemployment has fallen slightly to 3.85% which is at the lower end of the Reserve Bank’s target range of 3.8-4.3%.

Underemployment has beaten expectations sitting at 6.12%. Together this leaves the underutilisation rate at 9.97% of the workforce.

Callum Foote is a journalist and Revolving Doors editor for Michael West Media. He has studied the impact of undue corporate influence over Australian policy decisions and the impact this has on popular interests.

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