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Australia's unemployment rate drops, amid slowing economy

Author
Newstalk ZB,
Publish Date
Thu, 21 Mar 2024, 5:32pm
(Getty Images).
(Getty Images).

Australia's unemployment rate drops, amid slowing economy

Author
Newstalk ZB,
Publish Date
Thu, 21 Mar 2024, 5:32pm

Australia's unemployment rate dropped to 3.7 percent in February, down from 4.1 percent.

This decrease comes off the back of an ongoing economic slowdown, as Australia aims to tamp down inflation.

Australian correspondent Murray Olds says it's likely employers are feeling more confident, amid the promises of rate cuts later this year.

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