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The Australian Bureau of Statistics has released its latest data on the state of Australia’s economy.
It found that:The unemployment rate fell to 7.3 per cent, which was the lowest since June 2009.
The number of people aged from 25 to 54 in work increased by more than 1,000 to 5.3 million, which is the highest level since June 2010.
And the number of young people entering the labour market increased by about 10,000.
What is the main economic trend?
In its latest quarterly report, the ABS says:The economy expanded at a faster pace in the first half of this year than the first two months of last year, with the economy growing at an annual rate of 3.5 per cent.
That’s up from a year earlier, when growth was just 2.9 per cent and unemployment fell to 6.3.
While the unemployment rate has fallen in the past year, many Australians remain worried about the economic outlook.
Topics:economic-trends,business-economics-and-finance,employment,government-and–politics,australiaFirst posted October 08, 2019 11:29:20Contact Tim PurnellMore stories from Victoria