Unemployment figures continue to sit at historic lows with another 60,000 people employed last month.

The latest Australian Bureau of Statistics figures show the unemployment rate remains at 3.9% for the third consecutive month.

At the same time, the under-employment rate dropped to a 14-year low, at 5.7%.

The ABS says average employment growth over the past three months continues to be stronger than the pre-pandemic levels.

ABS head of labour statistics Bjorn Jarvis says the participation rate – people in work or looking for employment – also reached a record high of 66.7%.

“For the first time ever, more than two out of three Australians aged 15 and over were participating in the labour force,” Jarvis says.

The Australian Chamber of Commerce and Industry’s Andrew McKellar says Australian businesses are facing the second worst workforce shortages in the OECD.

BIS Oxford Economics’ Sean Langcake says the low unemployment rate will add to wage pressures.