The unemployment rate was unchanged for last month but surprisingly, new jobs were added to the economy. 80,500 full – time jobs were added and 33,300 part time positions were scrapped. These changes for last month made February the second highest growth month on record.

The trend points to more growth in full time positions, showing that the labor market is slowly recovering. The job losses in certain industries were offset by positions made available by Woolsworth, creating 6,981 jobs for their 108 new stores between 2014 and 2015. Coles will be building 70 new stores that will generate 16,000 jobs.

According to the Bureau of Statistics, the highest monthly gain was in August 1991, when 87,000 jobs were made available to the economy.

Read more about this on the Sydney Morning Herald website.

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Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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