Ahead of the east coast’s floods, unemployment fell to its lowest level since mid-2008 with a strong lift in full-time work.
Australia’s jobless rate has fallen to its lowest level since mid-2008, dropping to just 4 per cent in February as more than 121,000 people found full-time work across the country.
The number of people unemployed fell by 18,500 to 563,300 to be almost 160,000 down on its pre-pandemic level.It was driven by a 77,400 increase in the number of people in work. That increase was skewed towards full-time employment, which jumped by 121,900 to 9.2 million. Part-time employment edged down by 44,500, with the total share of employment in part-time work down to 31 per cent.The number of people unemployed fell by 18,500 to 563,300 to be almost 160,000 down on its pre-pandemic level.
“This is the lowest unemployment rate since August 2008 and only the third time in the history of the monthly survey when unemployment was as low as 4 per cent,” he said.“The 3.8 per cent unemployment rate for women was the lowest since May 1974,” Mr Jarvis said.
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