Murray Olds: Australian correspondent on Australia's unemployment rate dropping to 3.7 percent - Heather du Plessis-Allan Drive

Australia's unemployment rate dropped to 3.7 percent in February, down from 4.1 percent.

This decrease comes off the back of an ongoing economic slowdown, as Australia aims to tamp down inflation.

Australian correspondent Murray Olds says it's likely employers are feeling more confident, amid the promises of rate cuts later this year.

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