- the unemployment rate declining to 5.8 per cent, from 6.4 per cent in January;
- annual retail turnover up by 3.9 per cent, above the 5 year average;
- both business confidence and consumer confidence running above their long term averages;
- new car sales at all-time highs; and
- building approvals at all-time highs.
And underutilisation rates tell a very similar story.
Hours worked & participation
And the same applies to the participation rate.