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Al Jazeera
Al Jazeera
Business

FORGOTTEN HISTORY: Australia s unemployment rate drops to lowest since 1974 | History Defined

Australia's unemployment rate has hit its lowest point in almost 50 years [File: Jason Reed/Reuters]

Australia’s unemployment rate has hit its lowest point in almost 50 years, giving a potential boost to Prime Minister Scott Morrison’s reelection prospects days out from a closely fought vote.

The country’s jobless rate stood at 3.9 percent in April, the lowest since 1974, Australian Bureau of Statistics figures showed on Thursday.

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