Day 40 of the federal election campaign

FEDERAL ELECTION CAMPAIGN: DAY 40

WHERE THE LEADERS ARE CAMPAIGNING

* Prime Minister Scott Morrison will begin campaigning in Perth.

* Opposition Leader Anthony Albanese will start the day from Sydney.

WHAT THE COALITION WANTS TO TALK ABOUT

* The government's economic record following the latest unemployment figures of 3.9 per cent.

WHAT LABOR WANTS TO TALK ABOUT

* It's plan for positive change and debt left by the government during it's time in office.

WHAT IS MAKING NEWS

* The latest Ipsos poll showed the race tightening, with Labor leading 53 to 47 two-party preferred.

* The unemployment rate has fallen to 3.9 per cent, the lowest level since 1974.

* Labor has outlined its policy costings, showing it would spend $7.4 billion more over the next four years.

THEY SAID WHAT?

"What we've always seen from the Labor Party is when they can't manage money, they come after yours in higher taxes."

- Scott Morrison after the release of Labor's costings.

"Our democracy is precious. We shouldn't take it for granted. And I look forward to the outcome of the Australian people."

- Anthony Albanese on the federal election.