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Australia's Unemployment Rate Remains 5.7%

Posted on : Friday, 17 June 2016

 

The latest Australian Bureau of Statistics Labour Force figures (May, 2016), show that estimatedseasonally adjusted Unemploymentrate remained5.7%withtrend employmentgrowth easing. Over the past month trend employment increased by 3,700 to 11,919,400.

 

Thenumber of persons employedincreased by 17,900 to 11,930,700, in May 2016 (seasonally adjusted). Full-Time employment remained steady at 8,156,500 while Part-Time employment increased by 17,900 to 3,774,200.

 

TheUnemployment figuresshowed the seasonally adjusted increased 1,600 to 726,400. The number of unemployed persons looking for FT work decreased to 509,200 (from 515,000). The number of unemployed persons looking only for PT work increased 7,800 (to 217,200).

 

The NationalParticipation ratewas steady at 64.8%.

 

The National Labour Force trends since May 2013 (seasonally adjusted)

MONTH

Unemployment (seasonally adjusted) (%)

Employed ('000)

May 2013

5.6%

11,444.2

May 2014

5.9%

11,503.7

January 2016

6.0%

11,887.6

February 2016

5.8%

11,887.3

March 2016

5.7%

11,912.0

April 2016

5.7%

11,912.9

May 2016

5.7%

11,930.7

 

The following Table illustrates the UNEMPLOYMENT MEASURES by State/Territory (April 2016 - May 2016).

 

The largest absolute increases inEmployment (in seasonally adjusted terms) in May 2016 were in NSW (up 29,600) and Victoria (up 3,400). The States with the largest decreases were in SA (down 11,500) and continued in Queensland  (down 1,700).

The only decrease inUnemployment (seasonally adjusted) was in NSW (down 0.1%). There were increases in Victoria, Tasmania (both up 0.2%) and SA and WA (up 0.1%).

 

                                                                               

STATE/TERRITORY

SEASONALLY ADJUSTED

TREND

ORIGINAL

April

May

April

May

April

May

%

%

%

%

%

%

 

 

 

 

 

 

 

New South Wales

5.3

5.2

5.3

5.3

5.1

5.1

Victoria

5.6

5.8

5.8

5.7

5.7

5.7

Queensland

6.5

6.4

6.3

6.4

6.4

6.3

South Australia

6.8

6.9

7.0

6.9

6.5

6.8

Western Australia

5.6

5.7

5.6

5.6

5.7

5.8

Tasmania

6.3

6.5

6.6

6.5

6.2

6.2

Northern Territory

np

np

4.2

4.1

4.2

3.6

ACT

np

np

3.8

3.8

3.9

3.7

 

 

 

 

 

 

 

AUSTRALIA

5.7

5.7

5.7

5.7

5.7

5.6

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 - May 2016


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