Australia unemployment drops to 5.8% as recovery strengthens

Unemployment dropped to 5.8% from a revised 6.3% in January, data from the statistics bureau showed Thursday in Sydney. Employment jumped by 88,700 in February, compared with an expected 30,000 gain. The participation rate was unchanged at 66.1%, in line with expectations.

“The strong employment growth this month saw employment rise above 13 million people, and was 4,000 people higher than March 2020,” said Bjorn Jarvis, head of labor statistics at the ABS.

https://www.hindustantimes.com/world-news/australia-unemployment-drops-to-5-8-as-recovery-strengthens-101616032028042.html