Commentary
The Australian labour market continues to surprise
ABS reports the domestic economy created 77,400 new jobs in February and the unemployment rate tightened to 4.0%.
March 22, 2022
The Australian labour market continues to surprise on the upside with the ABS reporting the domestic economy created 77,400 new jobs in February and the unemployment rate tightened to 4.0%.
As with most data releases, the interesting stories lie behind the headlines. NSW was the standout performer and the unemployment rate tightened to 3.7%. The ABS started producing monthly employment statistics in February 1978 and the NSW unemployment rate has reached its lowest level over that time period.
