unemployment rate

A female worker in a manufacturing plant with a graph superimposed

A tighter labour market than in the past is now needed to drive real wages growth.

masked people on a walk

The unemployment decline isn’t as impressive as it first appears, and wages growth remains sluggish.

sydney harbour bridge surrounded by fog

The last time Australia's unemployment rate was below 5% was June 2011.

josh frydenberg

Australia's official unemployment rate falling to 5.5% is enough to make a treasurer dance. But we shouldn't get too carried away.