Economy in overdrive as unemployment rate plunges to 5.8 per cent

Thursday March 18, 2021

The unemployment rate unexpectedly tumbled to 5.8 per cent in February as a further 88,700 people joined the workforce in the month.

Australia’s employment rate has exceeded expectations with the jobless rate tumbling to 5.8 per cent (Photo: ABC)

Economists had expected a more modest 30,000 increase in employment in February, with the jobless rate easing to 6.3 per cent from an originally reported 6.4 per cent in January.

However the January rate was revised down to 6.3 per cent.

“The strong employment growth this month saw employment rise above 13…

Click here to view the original article.