Main index of federal government employment fell for a third consecutive month in February, but it is too early to suggest employment growth has been slowing.
The Department of education, employment and labour relations, says its monthly leading indicator of employment was 0.089 in February compared with 0.096 in January.
The Department "is too early to confirm that the pace of job growth fell to below its trend rate of 2. 3 percent per year, because the indicator fell to less than six consecutive months ", said on Wednesday.
Announcement: story continues belowThe main indicator of jobs anticipates movements in employment growth cycle, with a turning point confirmed after six months consecutive moves in the same direction.
The weighted indicator has four components-newspaper job ads ANZ, Dun and Bradstreet employment expectations, Westpac-Melbourne Institute leading index of economic activity and the consumer sentiment index of Westpac-Melbourne Institute.
Workforce data official January will be released on Thursday.
Center economists forecasts an increase of 20000 employment with the unemployment rate remaining at 5. 0 percent.
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