Australia’s unemployment rate fell from 3.7% in January to 3.5% in February, thanks to the 65,000 jobs added last month, according to new data from the Bureau of Statistics. The strong result outperformed economists’ expectations of 50,000 new jobs/a 3.6% jobless rate and has been put down to an unusually large number of people waiting to start a new position in February. The pool of potential workers is also on the rise, with our population increasing by 1.6% to 26.1 million in the 12 months to September 2022 – that puts it back to pre-pandemic levels after a surge in migration. Those bits of economic data complicate predictions on interest rate movements… Some say the Reserve Bank could hold off in the light of recent instability with those US bank collapses, but many say inflation’s only going to worse, so an 11th consecutive rate hike is likely. Insert shrugging lady emoji…