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Monthly trend unemployment hits lowest in four years

Posted on : Friday, 20 October 2017

The monthly trend unemployment rate has decreased by 0.2% over the past 12 months to 5.5% in September 2017, according to revised ABS data. The monthly trend unemployment rate for both males and females dropped to 5.5%, meaning no gap in unemployment rates between genders. Full-time employment grew by 16,000 in September while part-time employment increased by 8,000.

 

Trend employment continued to increase in September with a monthly trend increase of 23,800 (to 12,281,200) while over the past 12 months employment increased by 335,500 (or 2.8%).

 
The seasonally adjusted unemployment rate decreased by 0.1% to 5.5% in September, while the monthly seasonally adjusted employment rate increased by 19,800 (to 12,290,200) with full time employment increasing 6,100 (to 8,398,200) and part time increasing 13,700 (to 3,892,000). The number of unemployed persons looking for full time work decreased 10,600 (to 487,100), with 224,400 unemployed persons looking only for part time work (down 1,200). The national participation rate (seasonally adjusted) was steady at 65.2%.

 
National Labour Force patterns since September 2014 (seasonally adjusted)


MONTH

Employed ('000)

Full Time

Part Time

Unemployment (%)

September 2014

11,540.0

8,004.6

3,535.4

6.2%

September 2015

11,768.5

8,132.4

3,636.1

6.2%

September 2016

11,918.7

8,082.2

3,836.5

5.7%

June 2017

12,186.1

8,370.8

3,815.4

5.6%

July 2017

12,217.4

8,352.6

3,864.8

5.6%

August 2017

12,270.4

8,392.1

3,878.3

5.6%

September 2017

12,290.2

8,398.2

3,892.0

5.5%

 

In September 2017, increases in trend employment were again observed in all states except the NT (down 800). The largest increases were in NSW (up 7,600) and QLD (up 7,500). On an annual basis, all States experienced increases (except the NT) with the highest employment growth rates in QLD (4.1%), Tasmania (3.9%), Victorian (3.1%) and WA (2.9%). In seasonally adjusted terms, the largest increase in employment was in NSW (up 21,100), Victoria (8,900), and WA (8,300). The largest decreases in seasonally adjusted unemployment were in NSW and Tasmania (both down 0.3%), while WA had the largest increase (up 0.2%).

 
Unemployment measures by state/territory


                                   
STATE/TERRITORY

TREND

SEASONALLY ADJUSTED

ORIGINAL

August

September

August

September

August

September

%

%

%

%

%

%

New South Wales

4.8

4.8

4.6

4.6

5.0

4.5

Victoria

6.0

6.0

6.1

6.0

6.1

5.9

Queensland

6.0

5.9

5.7

5.9

5.6

5.7

South Australia

6.0

5.8

5.7

5.8

5.5

5.6

Western Australia

5.6

5.6

5.9

5.7

5.8

5.7

Tasmania

6.0

5.9

6.0

5.7

6.2

5.6

Northern Territory

3.9

4.1

np

np

4.4

4.6

ACT

4.4

4.4

np

np

4.1

3.9

AUSTRALIA

5.5

5.5

5.6

5.5

5.5

5.3

 

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 - Sept. 2017)