Latest unemployment data ‘spectacularly good’

Independent Economist Chris Richardson says the latest unemployment rate in Australia is “spectacularly good”. Mr Richardson joined Sky News Australia to discuss inflation and the unemployment data in Australia. “The last bit of news we got was … spectacularly good at 3.7 per cent,” he told Sky News Australia. “Remember, when unemployment was at its low – 3.4 per cent a while back – that was the lowest in more than half a century. “So, at 3.7 per cent, the good news is that the slowdown of the Australian economy hasn’t cost a lot of jobs.”