Unemployment rate drops to 4.9 percent

By Lorna Brett · 11 May 2012 · Economy

Unemployment Rate Hits 12-Month Low: What's Behind the Shift?

The numbers are in, and the job market is looking up. But what does this mean for your future and the local economy?

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Summary

Unemployment has fallen to its lowest level in 12 months, dipping below 5 percent as a result of 15,500 additional jobs being added to the local economy.

Tags: ABS, Australian Bureau of Statistics, Australian Economy, Australian employment market, local economy jobseekers, unemployment in Australia, Unemployment Rate