Low unemployment is just not correct at all in Australia. The index of participation rate and underemployment are the critical problems in Australia and the government of both persuasions have changed the way the CPI and inflation is calculated to give them the outcome they wanted.
We have the lowest wage growth in history due to government planning and their determination to force down wages in real terms. The former PM said that was the Liberal policy. Our economy is precarious given our reliance on exporting our minerals. Governments have sold pretty much most of our assets off. We dont have that to count on any more and as everyone predicted except the government the costs are rising rapidly because of all the asset sales.
Low unemployment is just BS and is just a matter of statistical manipulation. A person works one hour a week and they are taken off the unemployment list, that is not employment it is what the government wants you to believe.
