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Unemployment plunges to just 5.8% – but the lowest jobless rate since the start of the Covid pandemic is BAD news if you’ve got a home loan
- Australia’s jobless rate plunged from 6.3 per cent to 5.8 per cent in February
- This occurred as 88,700 new jobs were created in just one month nationally
Australia’s jobless rate has plunged to just 5.8 per cent – stirring fears record-low interest rates may be raised sooner.
The level of unemployment in February dived from a revised 6.3 per cent in January, as 88,700 new jobs were created, the Australian Bureau of Statistics revealed on Thursday.
Unemployment is now at the lowest rate since the declaration of a Covid pandemic in March 2020 which led to shutdowns of service-sector jobs.
Australia’s jobless rate has plunged to just 5.8 per cent – stirring fears record-low interest rates may be raised sooner
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