Australian Treasurer Frydenberg: Jobless rate drop shows remarkable resilience in economy

Following the release of the mixed Australian employment data for January, the country’s Treasurer Josh Frydenberg said that he is confident that the labor market can remain resilient.

Key quotes

“The latest jobs figures are good news for Australia, with the unemployment rate falling to 6.4 percent from 6.6 percent in January.”

"This shows the remarkable resilience in the Australian economy and in the Australian labor market.”

“Yes, JobKeeper is coming to an end in March, but the Australian labour market will continue to be resilient as we taper off those payments and move to other support across the rest of the economy."