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Roy Morgan has released its unemployment estimates for February, with the unemployment rate falling 0.7% over the month to 9.4%, and the underemployment rate falling 0.3% to 9.1%:
The fall in both unemployment and underemployment were due to 57,000 new jobs created in the month with both full-time and part-time work increasing for the second straight month.
Full-time employment rose 41,000 to a new record high of 8,990,000 while part-time employment also increased, up 16,000 to 4,584,000.
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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.