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As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for February, which registered a 26,700 increase in total employment and a fall in the headline unemployment rate (from 5.3% to 5.1%).
In trend terms, the unemployment rate remained steady at 5.1%:
Again, total employment rose by a seasonally adjusted 26,700 to 13,015,100. Full-time jobs rose by 6,700, whereas part-time employment fell by 20,000:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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