Unemployment rate dips to 3.9pc but job creation slows dramatically

Australia's official unemployment rate has hit the lowest level in more than a generation - a critical development in the final days of a tightly fought election campaign. 

The Bureau of Statistics is reporting that the jobless rate fell to 3.9 percent in April - a result that while politically good for the Coaltion puts more pressure on the Reserve Bank to raise interst rates.

Here's my coverage and analysis on The World Today 

Source: Australian Bureau of Statistics