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Australia jobless at 30-year low.

UPI NewsTrack

| August 10, 2006 | COPYRIGHT 2006 United Press International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

CANBERRA, Australia, Aug. 10 (UPI) -- Unemployment in Australia dropped to 4.8 percent last month, its lowest rate for 30 years.

The latest labor force figures showed a 50,000 increase in the number of people working in July, compared to the previous month, while the jobless total fell by 14,100 to nearly 514,000.

The new figures took share markets by surprise and economists repeated predictions another hike in interest rates was ...

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