Jobless rate dips to decade low of 4.9pc but Sydney lockdown worries weigh

Australia's official jobless rate has fallen to 4.9 percent in June, the lowest level in more than a decade. 

The ABS says almost 52,000 new full time jobs were created with employers reporting high levels of job vacancies. 

Meanwhile, economists are forecasting that the greater Sydney lockdown will carve a slice from Australia's economic rebound with a 0.7 percent contraction in September quarter GDP.  

ABC's Peter Ryan says there is an outside risk of a double dip recession from a second consecutive quarter of negative growth if the Sydney outbreak spreads to other parts of Australia.