Australia’s jobless rate of 5.24 per cent now ranks 75th in the world and 19th in the Organisation for Economic Cooperation and Development (OECD). That’s the club of 36 wealthy, developed mixed capitalist economies with which comparisons can and should be made.

That is the lowest Australia has ranked since records have been kept. In June 2012 and June 2013, Australia ranked eighth. Just 12 months ago, Australia ranked 17th.

via Australia falls to all-time OECD low on jobs but $A rallies against Zambian kwacha – Michael West