Or so we are told.
Figures released for February show unemployment stands at a seasonally-adjusted 4 per cent. The Australian dollar has jumped higher in response to the stronger than expected employment figures. Almost 48,000 additional full-time positions were created in February, although part-time job numbers have dropped by 11,000.
In the ACT, the unemployment rate has remained the same at 2.4 per cent, in trend terms. The number of people looking for work is also unchanged.
In Queensland, the unemployment rate has risen by 0.21 per cent, in seasonally-adjusted terms, to 3.6 per cent. The number of people looking for work also rose over the month.
In New South Wales, the unemployment rate has fallen by 0.31 per cent to 4.2 per cent in seasonally-adjusted terms. The number of people looking for work rose slightly during the month. Read the rest of this entry »