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Unemployment rate decreases to 6.1%

Posted on : Thursday, 15 January 2015

Australia's Unemployment rate has decreased to 6.1% in December 2014.

 

The Labour Force figures for December 2014, released by the Australian Bureau of Statistics on Thursday 15th January 2015 show that seasonally adjusted employment increased by 37,400 to 11,679,400, from November. This was driven by increases in both full-time male and female numbers but offset by a decrease in part-time employment.

 

Full time employment increased by 41,600 (to 8,105,300). Part-time employment decreased by 4,100 to 3,574,100. The unemployment figures showed a decrease of 0.1% in the seasonally adjusted rate to 6.1% from the revised November 2014 estimates.

 

The number of unemployed persons looking for full-time work increased by 6,000 (to 545,000). The number of unemployed persons looking only for part-time work decreased by 22,300 to 207,700. The participation rate increased slightly from 64.7% to 64.8%.

 

The National Labour Force trends since September 2012 (seasonally adjusted) have been:

 

MONTH

Unemployment (seasonally adjusted) (%)

Employed ('000)

 

 

 

September 2012

6.1

11,374.0

September 2013

5.7

11,470.6

August 2014

6.0

11,622.2

September 2014

6.1

11,592.5

October 2014

6.2

11,594.7

November 2014

6.2

11,632.4

December 2014

6.1

11,646.8

 

The following Table illustrates the National Unemployment trends for the period November 2014 - December 2014

                                                                                

 

STATE/TERRITORY

SEASONALLY ADJUSTED

TREND

ORIGINAL

 

 

 

 

 

November

December

November

December

November

December

 

%

%

%

%

%

%

 

 

 

 

 

 

 

New South Wales

6.0

5.9

5.9

5.9

5.8

5.7

Victoria

6.8

6.5

6.7

6.7

6.3

6.2

Queensland

6.8

6.1

6.6

6.6

6.2

6.0

South Australia

6.6

6.5

6.5

6.5

6.4

6.5

Western Australia

5.3

6.0

5.4

5.6

4.5

5.5

Tasmania

6.9

6.7

6.9

6.8

6.7

6.6

Northern Territory

np

np

3.8

3.6

3.8

3.4

ACT

np

np

4.9

4.9

4.0

4.0

 

 

 

 

 

 

 

AUSTRALIA

6.2

6.1

6.2

6.2

5.9

5.9

 

The high degree of variability which can lead to considerable revisions is the reason for not publishing seasonally adjusted estimates for the NT and the ACT. ABS Labour Force 6202.0 December 2014.


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