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Employment figures continue to grow

Posted on : Tuesday, 23 January 2018

Monthly trend employment again increased in December with a monthly increase of 25,000 (to 12,419,800), while the past 12 months experienced a net increase of 393,000 (or 3.3%). This continues to be above the average year-on-year growth over the past 20 years of 1.9%. Trend full time employment grew by 16,600 in December with part time employment increasing by 8,400.


Monthly trend unemployment rate decreased slightly to 5.4% (the November figure was again revised to 5.5%), a drop of 2,900 people, the lowest trend unemployment rate since December 2012.


The December monthly seasonally adjusted employment rate increased by 34,500 (to 12,440,800) with full time employment increasing 15,100 (to 8,518,900) and part time increasing 19,500 to 3,921,800. The number of unemployed persons looking for full time work increased 9,900 (to 501,800) and with 228,800 unemployed persons looking only for part time work, an increase of 10,600.


The seasonally adjusted unemployment rate increased by 0.1% to 5.5% in December. The national participation rate (seasonally adjusted) increased 0.1% to 65.7%.

 

National labour force patterns since Dec 2014 (trend)

MONTH

Employed ('000)

Full Time

Part Time

Unemployment (%)

December 2014

11,611.9

8,037.9

3,574.9

6.2%

December 2015

11,922.7

8,213.8

3,708.9

5.8%

December 2016

12,026.4

8,183.8

3,842.4

5.7%

September 2017

12,333.2

8,445.2

3,888.0

5.5%

October 2017

12,365.2

8,467.8

3,897.4

5.5%

November 2017

12,394.8

8,488.8

3,906.0

5.5%

December 2017

12.419.8

8,505.4

3,914.4

5.4%

 

In December, increases in trend employment were again observed in all states except SA (-400). The largest increases were in NSW (up 11,500) and Victoria (up 5,600). On an annual basis, all states experienced increases (except the NT) with the highest increases in NSW (up 134,100), QLD (108,900) and Victoria (95,000). In seasonally adjusted terms, the largest increase in employment were NSW (+14,300) and WA (+6,100). The largest increases in seasonally adjusted unemployment was in Victoria (up 0.6%) and Tasmania (0.4%).

 

Unemployment measures by state/territory

STATE/TERRITORY

TREND

SEASONALLY ADJUSTED

ORIGINAL

November

December

November

December

November

December

%

%

%

%

%

%

New South Wales

4.7

4.7

4.6

4.8

4.4

4.7

Victoria

5.8

5.8

5.5

6.1

5.1

5.8

Queensland

5.9

5.9

5.9

6.0

5.2

5.9

South Australia

5.9

5.9

6.1

5.9

5.9

5.9

Western Australia

6.1

6.1

6.6

5.7

6.0

6.1

Tasmania

5.9

6.0

5.7

6.1

5.7

6.0

Northern Territory

4.9

5.2

np

np

4.7

5.2

ACT

3.9

3.7

np

np

3.8

3.7

 

 

 

 

 

 

 

AUSTRALIA

5.5

5.4

5.4

5.5

5.0

5.4

 

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 - December 2017)