A strong bounce in jobs last month will maintain pressure on the Reserve Bank to keep increasing official interest rates, despite global banking jitters.
abc.net.au/news/unemployment-abs-labour-force-february-2023/102104184A strong bounce in job numbers last month will maintain pressure on the Reserve Bank to keep increasing official interest rates, despite global banking jitters.
In an all around strong set of numbers, the proportion of Australians in work or looking for it also rose, along with hours worked, while underemployment fell. "In February, there were also no major disruptions that affected peoples' ability to work their normal hours, such as the widespread sickness or natural disasters that we have seen over recent years," Mr Jarvis added.
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