Trend employment levels steady at 5.5%

Posted on : Monday, 25 June 2018

While the latest participation pate decreased in the last quarter to 65.5%, trend employment increased with trend unemployment levels remaining the same.


The trend employment patterns continued to grow with monthly rates showing an increase of 15,900 to 12,505,200 (up by 2,100). On an annual basis, this indicator shows employment increasing by 317,700 (or 2.6% - down from 2.9% previously). Trend full time employment increased by 4,000 between April and May. Part time employment increased by 11,900. The monthly trend unemployment rate remained at 5.5%.


In seasonally adjusted employment terms, the May monthly rate saw employment increase 12,000 (12,518,300), with full time employment decreasing by 20,600 (8,521,400) while part time employment increased by 32,600 (3,996,900). The monthly unemployment rate (seasonally adjusted) decreased 26,800 to 714,600 (5.4%). The number of unemployed persons looking for full time work decreased 11,200 to 494,300, and with 220,300 unemployed persons looking only for part time work, this decreased by 15,600.


The National Labour Force patterns since May 2015 (trend)


MONTH

Employed ('000)

Full Time

Part Time

Unemployment (%)

May 2015

11,739.0

8,114.0

3,625.0

6.1%

May 2016

11,980.9

8,195.9

3,785.0

5.7%

May 2017

12,204.6

8,332.0

3,872.7

5.7%

February 2017

12,480.0

8,529.5

3,950.5

5.5%

March 2018

12,493.6

8,529.6

3,963.9

5.5%

April 2018

12,506.4

8,530.2

3,976.2

5.5%

May 2018

12.522.3

8,534.2

3,988.1

5.5%

 

In May, increases in trend employment were again observed in all states and territories except the ACT and Tasmania where employment decreased by 100 (down 800) and 500 (down 100), respectively. The largest increases were also repeated: New South Wales (up 9,100), Victoria (7,500) and WA (up 2,500). On an annual basis, the highest annual growth rates were in NSW (3.6%), Queensland (2.9%) and South Australia (2.4%). In seasonally adjusted terms, the largest increase in employment, were Victoria (+22,100) followed by Queensland (+5,000) and NSW (+2,800). The only increase in seasonally adjusted unemployment was in Tasmania (up 0.5%).


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

4.9

5.0

4.9

4.9

4.8

Victoria

5.2

5.1

5.2

5.1

5.3

4.9

Queensland

6.2

6.2

6.5

6.2

6.6

6.2

South Australia

5.8

5.7

5.9

5.6

5.9

5.6

Western Australia

6.3

6.4

6.5

6.4

6.5

6.0

Tasmania

6.2

6.3

6.1

6.6

5.8

6.5

Northern Territory

4.0

4.0

np

np

4.8

3.6

ACT

3.8

3.7

np

np

3.5

3.2

 

 

 

 

 

 

 

AUSTRALIA

5.5

5.5

5.6

5.4

5.6

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 - May 2018)