Australia’s official unemployment rate predicted to fall below 4% as staff shortages bite
by Peter Hannam from World news | The Guardian on (#5Y3Q0)
Jobless rate set to sink to lowest rate since 1974 as employers say finding workers is No 1 issue', despite offering higher wages
Australia's official jobless rate could drop below 4% as soon as Thursday, market economists predict, as labour shortages force some restaurants to limit services, and recruiters dangle hefty pay increases to lure talent.
The nation's unemployment rate will sink as low as 3.8% when the Australian Bureau of Statistics reports labour data for March, economists say. That would be the lowest rate since 1974.
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