The number of Australians receiving unemployment benefits has fallen to a three-year low, delivering Treasurer Jim Chalmers a potential $3 billion windfall in the May budget.
The share of the working-age population receiving JobSeeker and Youth Allowance has fallen below 2 per cent in some parts of Sydney, Melbourne, Brisbane and Perth, according to analysis of claims data by The Australian Financial Review.
Loading...
Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
