The Australian job market remains very strong, despite the misleading headline figure in the February report yesterday showing a 10,100 fall in overall employment.

That was not an accurate reflection of the underlying detail in the report, with a large 47, 600 full time jobs created, offsetting the loss in the January quarter.

The fall in the headline figure was due to a 57,700 drop in the number of part time workers, with that fall concentrated in the states of Victoria and Queensland, which were the two worst hit by the floods in January.

There was no revision of the January unemployment rate which stood at a seasonally adjusted 5%, and February's was unchanged as well, according to the