On 16 February 2023, Australian Bureau of Statistics (ABS) reported a 3.7% growth in the seasonally adjusted unemployment rate. The agency highlighted that the employment reduced by nearly 11,000 people and number of unemployed increasing by 22,000 people.
It was a second consecutive monthly fall in seasonally adjusted employment. The employment to population ratio declined in January 2023 and December 2022. However, it is still 0.5% points higher than January 2022 and 1.6% points above March 2020.
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