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Newcastle Herald

Business

Michael Parris

Newcastle unemployment rate hits record low despite shrinking jobs market

Bob Hawes Newcastle Unemployment Hunter ABS Business Hunter

Business Hunter chief executive officer Bob Hawes. File picture

Newcastle's unemployment rate has fallen to a record low as employers struggle to find staff.

The Australian Bureau of Statistics (ABS) estimates the Newcastle and Lake Macquarie jobless rate dropped to just 1.7 per cent in May, down from 2.5 per cent in April.

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