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Employment levels steady while participation at high levels

Posted on : Thursday, 10 May 2018

In releasing the latest labour force data, the ABS figures show steady rates of employment but with the labour force participation rate (population participation in the labour market) at its highest since 1978 (65.7%).


In terms of trend employment patterns, these continued to grow increasing which in monthly terms was an increase of 14,000 to 12,485,000. On an annual basis, this indicator shows employment increasing by 376,100 (or 3.1%). Trend full time employment increased by 1,200 between February and March. Part time employment increased by 12,900. Monthly trend unemployment rate increased to 5.6%.


In seasonally adjusted Employment terms, the March monthly rate saw employment increase 4,900 (12,484,100), with full time employment decreasing by 19,900 (8,514,100) and part time employment increasing by 24,800 (3,970,000). The monthly unemployment rate (seasonally adjusted) decreased 2,400 (to 730,200) (5.5%). The number of unemployed persons looking for full time work increased 9,300 (522,400) and with 207,800 unemployed persons looking only for part time work, this decreased by 11,700.

 

National Labour Force patterns since March 2015 (Trend)

 


MONTH

Employed ('000)

Full Time

Part Time

Unemployment (%)

March 2015

11,692.4

8,085.5

3,607.0

6.2%

March 2016

11,966.0

8,216.0

3,750.1

5.7%

March 2017

12,109.7

8,254.3

3,855.4

5.8%

December 2017

12,431.4

8,513.0

3,918.4

5.5%

January 2018

12,454.3

8,520.5

3,933.7

5.5%

February 2018

12,471.8

8,523.2

3,948.6

5.5%

March 2018

12.485.8

8,524.4

3,961.4

5.6%

 

In March, increases in trend employment were observed in all states and territories except WA and the ACT where employment decreased by 700 and 400, respectively. The largest increases were in NSW (up 4,700), Victoria (4,100) and Queensland (up 3,200). On an annual basis, the highest annual growth rates were in QLD (4.3%) and the ACT (3.9%) and NSW (3.6%). In seasonally adjusted terms, the largest increase in employment, were Victoria (+26,400). The next increases were quite small: Tasmania (+800) and WA (+700). The largest increases in seasonally adjusted Unemployment was in WA (up 0.8%), NSW (+0.2%) and Tas. (+0.1%).

 

Unemployment measures by state/territory

 


                                   
STATE/TERRITORY

TREND

SEASONALLY ADJUSTED

ORIGINAL

February

March

February

March

February

March

%

%

%

%

%

%

New South Wales

4.9

4.9

4.8

5.0

5.2

5.3

Victoria

5.5

5.5

5.7

5.2

6.0

5.5

Queensland

6.0

6.0

6.2

6.0

7.0

6.6

South Australia

6.0

5.9

6.2

5.6

6.7

5.8

Western Australia

6.2

6.4

6.1

6.9

6.7

7.5

Tasmania

6.0

6.0

6.0

6.1

6.4

6.2

Northern Territory

4.0

3.9

np

np

4.2

3.9

ACT

5.5

4.1

np

np

4.6

4.2

 

 

 

 

 

 

 

AUSTRALIA

5.5

5.6

5.5

5.5

6.0

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 - March 2018)