Unemployment rate back down to 3.5%. It's anyone's guess when things will turn
- Written by Jeff Borland, Professor of Economics, The University of Melbourne
The latest labour force data from the Australian Bureau of Statistics shows employment in February increasing by 64,600, and the (seasonally adjusted) unemployment rate declining from 3.7% to 3.5%.
It’s confirmation that it’s still too early to declare that the labour market has reached a turning point, after which we can expect the...
Read more: Unemployment rate back down to 3.5%. It's anyone's guess when things will turn
