Economists expect somewhere between 24,000 and 32,000 extra jobs to have been created in July. Photo: Joel Carrett/AAP PHOTOS

Australia's unemployment rate is tipped to remain historically low as workers reap the benefits of tighter than average labour market conditions.

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Economists at ANZ Bank expect the jobless rate to hold steady at 4.2 per cent when the Australian Bureau of Statistics publishes its labour force update for August on Thursday.

Other than a brief moment in June this year, the unemployment rate has held below 4.3 per cent since late 2021.

It's a remarkable run of s

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