Latest official data shared has confirmed that December managed to record a fall in unemployment rate for the fourth consecutive month, giving out one of the strongest sings that the economy is rapidly recovering.

During the past month, unemployment managed to fall once again, and hit an eight-month low, with the number of Australian workers hitting a record high. With the figures, according to Commonwealth Bank economist James McIntyre, it is more-or-less certain that the central bank would be raising interest rates once again in February.

"Today's unemployment rate outcome should be sufficient to seal the deal for a fourth consecutive rate hike when the RBA meets in February", Mr. McIntyre said.

In December, seasonally adjusted, the national unemployment rate was 5.5%, a figure which was last seen in April of 2009.

ICAP economist Adam Carr is also certain that the rates are all set to record another rise.

"A February hike is a done deal", Mr. Carr said.