More than 71,500 jobs created in February

MORE jobs were created in February than any other single month in the past 12 years, data from the Australian Bureau of Statistics revealed on Thursday.

The latest employment figures revealed more than 71,500 were created in February, taking the total number of people employed to more than 11.6 million.

While the new jobs created soared, the overall national unemployment rate remained steady at 5.4%.

Both figures reinforce the case to keep interest rates on hold when the Reserve Bank meets next month.

But the figures may be disappointing for those searching for full-time work, with 53,700 of the total new jobs created in part-time work, with the remaining 17,800 for full-time jobs.

The total monthly increase was primarily due to a rise in male part-time employment and both full-time and part-time employment for women.

While the unemployment rate was steady, the labour force participation rate rose 0.3 percentage points, showing more people working or out looking for work in February.

Topics:  australian bureau of statistics employment jobs reserve bank

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