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Unemployment rate falls to 5.8 per cent, down from 6.3 per cent – ABC News

The national unemployment rate falls to 5.8 per cent, with economists hailing evidence that the labour market is improving much faster than most people expected

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Australia’s unemployment rate fell to 5.8 per cent in February, down from 6.3 per cent.

  • The number of Australians with jobs is almost back to pre-pandemic levels
  • Women secured three quarters of the new jobs in February
  • One economist says “the jobs lost in the early months of the coronavirus pandemic have now been fully replaced”

Economists said it was a surprisingly large fall, and provided evidence the labour market was improving much faster than most people expected.
An extra 88,700 people found…

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