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Full-time employment trend continues in May

Posted on : Thursday, 6 July 2017

Even though the trend unemployment rate remained steady at 5.7% in May 2017, ABS data shows that Australia's employment trend rate has increased for full-time employment for the eighth straight month in May 2017. The seasonally adjusted number of persons employed also increased in May with the seasonally adjusted unemployment rate decreasing by 0.2% to 5.5%.

 

Trend employment estimates saw an increase in employment of 25,200 (to 12,122,100) with a decrease in unemployment of 4,800, but the unemployment rate remained steady at 5.7%.

 

The seasonally adjusted employment rate increased by 42,000 (to 12,152,600), which included an increase in full-time employment of 52,100 and part-time employment decreasing by 10,100.

 

The seasonally adjusted unemployment figures showed unemployment decreased by 18,600 (to 711,900). The number of unemployed persons looking for full-time work decreased by 23,000 (to 489,300). The number of unemployed persons looking only for part-time work increased 4,400 (to 222,700).

 

The national participation rate (seasonally adjusted) increased 0.1% to 64.9%.

 

The national labour force patterns since May 2015 (seasonally adjusted)


MONTH

Employed ('000)

Full-time

Part-time

Unemployment (%)

May 2014

11,505.2

8,013.6

3,491.6

5.9%

May 2015

11,702.9

8,083.6

3,619.3

5.9%

May 2016

11,919.8

8,139.4

3,780.4

5.7%

February 2017

12,011.5

8,174.6

3,837.0

5.9%

March 2017

12,064.5

8,241.1

3,823.4

5.9%

April 2017

12,110.7

8,235.4

3,875.3

5.7%

May 2017

12,152.6

8,287.4

3,865.2

5.5%

 

In May 2017, increases in trend employment were again observed in all states and territories except SA (down 300). The largest increase was in NSW (up 10,000) and Victoria (8,400). Trend unemployment rate remained steady with a 0.1% increase in SA (7.1%) and SA 0.1% increase (7.0%). In seasonally adjusted terms, the largest increase in employment was in NSW (up 32,600) with the largest decreases in SA and WA (down 0.4%). Unemployment increased in Tasmania (up 0.2%) and NSW (up 0.1%).

 

The following table illustrates the unemployment measures by state/territory


                               

STATE/TERRITORY

TREND

SEASONALLY ADJUSTED

ORIGINAL

April

May

April

May

April

May

%

%

%

%

%

%

New South Wales

4.9

4.8

4.7

4.8

4.6

4.8

Victoria

6.1

6.1

6.1

6.0

6.2

6.1

Queensland

6.3

6.3

6.3

6.1

6.3

6.3

South Australia

7.0

7.1

7.3

6.9

7.1

7.1

Western Australia

5.9

5.8

5.9

5.5

5.9

5.8

Tasmania

5.9

5.9

5.9

6.1

5.7

5.9

Northern Territory

3.3

3.2

np

np

3.9

3.2

ACT

3.6

3.5

np

np

3.4

3.5

AUSTRALIA

5.7

5.7

5.7

5.5

5.7

5.7

 

Source: ABS Labour Force 6202.0 - May 2017.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.