Australia’s unemployment rate unexpectedly drops from 4.1% to 3.7% in February despite slowing economy
by Peter Hannam and Luca Ittimani from World news | The Guardian on (#6KGK1)
Latest ABS figures show the labour market added 116,000 jobs defying signs of weakness since September
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Australia's jobless rate dived to 3.7% in February as employers shrugged off signs of an economic slowdown to boost staff numbers by triple the level expected.
The unemployment rate last month fell from a seasonally adjusted 4.1% in January, the Australian Bureau of Statistics revealed on Thursday. Economists had expected the jobless rate to come in at 4.0%.
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