Roy Morgan Research has released its unemployment estimate for February, which rose by 0.3% to 8.5% following a reduction in part-time employment as the summer holidays ended. However, underemployment dropped sharply (-0.6%) to 7.8%. There were also more than 300,000 people in jobs in February compared to the beginning of the pandemic:
The key movements are detailed below:
Workforce dropped 137,000 in February as the Omicron variant continued to disrupt the workforce:
