Economists are feeling a degree of uncertainty over key workforce data for January as the unknown impacts of the Omicron COVID-19 variant outbreak hit economic indicators. The jobs market has been bouncing back robustly after the 2021 Delta variant lockdowns ended, causing the jobless rate to slump to a 13-year low of 4.2 percent. Nevertheless, economists think there are still some ways to go before the unemployment rate achieves the level predicted by authorities. In addition, there are also concerns that the labour force data could be skewed by Australians who gave up searching for jobs in despair when facing the Omicron outbreak. The federal government and the Reserve Bank of Australia (RBA) anticipate that the unemployment rate will drop below four percent in 2022, which is a record not observed in some 50 years. The Australian Bureau of Statistics will release the workforce report for January on Feb. 17, …
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