Josh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

Mr Speaker, we know that the national economic recovery is underway. One of the key indicators of that is the number of people who are finding a job. Last month 178,000 jobs were created. We have seen the effective unemployment rate, which takes into account those who have lost their job or seen their working hours reduced to zero, fall from a peak of 14.9 per cent to 7.4 per cent today. We've seen the participation rate increase to 65.8 per cent, near the level it was at the start of the pandemic. We have seen very strong labour market growth, even stronger than expected. The Australian economy is showing remarkable resilience. This is due to the achievements and sacrifices of millions of Australians across the country. These results—this better performance and these economic indicators—are a sign of their hard work, and the results belong to them.

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