The unemployment rate plummeted to 3.5 per cent in June, the lowest rate in 48 years, as Australia's great job boom continued.
The drop, from 3.9 per cent in May, was much better than economists were expecting, and Deutsche Bank economist Phil O'Donaghoe said it was one of the best labour market reports in Australian history.
"You can never get too carried away with any number, whether it's positive or negative, but really it is just an extraordinary strong print, really adding to a very, very robust demand story here in Australia," he told ausbiz television.
