Australia's PM Albanese takes charge after a significant re-election victory.

In a recent report, it was revealed that the unemployment rate has dropped to 4.2%, which is the lowest it has been in five years. This decrease is significant as it marks a 1.5% decline from the previous quarter. Additionally, the report indicated that 250,000 new jobs were created during this period, showing a positive trend in job growth. Experts attribute this improvement to various economic factors and government policies aimed at boosting employment. Overall, this news signifies a promising outlook for the job market and economy.