Australia’s unemployment rate has dropped slightly to 4.9 per cent for February, down from 5.0 per cent in January.
Melbourne City councillor and Sky News host Nicholas Reece says a low unemployment rate does not mean the labour market is without problems. Mr Reece points to a severe underemployment issue, employees who must continually work overtime to keep their jobs and certain areas of the country that have higher percentages of unemployment as negative aspects of the job market.
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