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Australia’s unemployment rate dropped to 5.8% in February, boosting hopes in the economic recovery before JobKeeper rolls back

Sumary of Australia’s unemployment rate dropped to 5.8% in February, boosting hopes in the economic recovery before JobKeeper rolls back:

  • Sumary of Australia’s unemployment rate dropped to 5.8% in February, boosting hopes in the economic recovery before JobKeeper rolls back:.
  • In its Thursday labour market report, the ABS states the February unemployment rate was 5.8%, or 0.5% lower than January…
  • The figures suggest Australia recovery from the pandemic-induced economic downturn is outpacing expectations — but concerns remain over the winding down of JobKeeper subsidies…
  • Australia labour market is recovering from the COVID-19 crisis with more gusto than expected, with the ABS reporting the unemployment rate dropped to 5.8% in February…
  • Thursday unemployment numbers represent a 0.5% fall from January 6.3% figure, and equate to a further 89,000 people attaining full-time employment over the month…
  • With just north of 13 million Australians now employed, the number of paid workers is some 4,000 above the March 2020 tally — prompting the ABS to declare employment is now above pre-COVID levels…
  • Youth unemployment dropped to 12.9%, as an influx of Australians aged between 15 and 24 entering the workforce shaved 1.1% off January total…
  • That rally was led by young women, the ABS reports, with an additional 31,000 women under 24 gaining employment….

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