The unemployment rate could hit 4% when the latest labour force figures are released this week, as the economy recovers from the impact of the Omicron variant.
Economists expect the impact of the floods on the east coast of Australia will be felt in the March jobs figures.and Treasury have been predicting a sub-4% unemployment rate this year, and remaining there in 2023, as the economy makes a steep recovery from the downturns seen during the Covid pandemic.
Petrol prices are now well over $2 a litre in some parts of Australia after striking a national average of 183.90 cents the previous week, which was then a record high.
Source: Financial Digest (financialdigest.net)
The Coalition making Australia just like the US: high employment and high poverty.
The 'REAL' U/E rate is actually closer to 12%+ But the LNP dont like FACTS