That means January's remarkable fall in unemployment from 5.5% was even greater than initially reported 5.3 % but it also makes today's figures look lightly worse.
The February figures which showed the production of only 400 extra jobs frustrated analysts, but not by much.
The average prediction in Bloomberg's survey of 25 economists was for an increase of 15,000 jobs, which would have left the jobless rate constant at 5.3%.
The Bureau of Statistics survey was that full-time employment raised by 11,400, while it was part-time employment down 11,000.
That means combined monthly hours worked raised 2.4% last month.
The headline number was smoother than expected but the details of the report are anything but smooth. We had the 6 straight month of growth in full-time jobs and unemployment remains close to the ground in other word low, and fell further in New South Wales, senior economist at Macquarie, told Reuters.
There was also a big jump in combine hours worked, which is inspiring.
However, it does give the RBA cover should they select not to explore in April. That's still a tight call.
Gold Recruitment provides a quality recruitment service for people looking for employment within retail, hospitality, education, construction, health and marketing across Australia and internationally. http://www.recruit4gold.com
No comments:
Post a Comment