The trend unemployment rate remained steady at 5.2 per cent in the month of September 2018 after the August figure was revised down, according to the latest figures released by the Australian Bureau of Statistics (ABS).
“Today’s figures continue to show a gradual decrease in the trend unemployment rate that began in late 2014. The trend unemployment rate of 5.2 per cent is the lowest it has been since mid 2012.” said the Chief Economist for the ABS, Bruce Hockman.
SOURCE: ABS. “Trend Unemployment Rate at Six-year Low.” ABS, 18 October 2018.
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