Jobless rate tumbles in Feb; 2020 job losses regained

18 March 2021

 

Summary: Employment grows in February; employment number increase significantly larger than expected figure; aggregate job losses from 2020 now recovered; data “remarkable”, requires confirmation; participation rate unchanged; fewer people seeking work, larger available workforce sends jobless rate below 6%; fewer part-time jobs, more full-time jobs; work hours rise markedly; underemployment rate up; “total labour market slack still elevated”.   Australia’s period of falling unemployment came to an end in early...

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