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Employment grows with unemployment steady at 5.5%

Posted on : Friday, 8 December 2017

Trend employment continued to increase in October with a monthly increase of 20,000 (to 12,301,200) while over the past 12 months, employment increased by 346,700 (or 2.9%), which is above the average year-on-year growth over the past 20 years of 1.9%. Full-time employment grew by 16,000 in October (same as in September) while part-time employment increased by 4,000.

 
Monthly trend unemployment rate remained at 5.5% (same as September 2017) with the number of unemployed persons decreasing by 3,000 - the eighth consecutive decrease.

 
The October monthly seasonally adjusted employment rate increased by 3,700 (to 12,297,100) with full-time employment increasing 24,300 (to 8,425,400) and part-time decreasing 20,700 to 3,871,700. The number of unemployed persons looking for full-time work remained steady at 485,900, with 215,600 unemployed persons looking only for part-time work, decreasing by 8,100.

 
The seasonally adjusted unemployment rate decreased by 0.1% to 5.4% in October. The National Participation rate (seasonally adjusted) was steady at 65.2%.

 
National Labour Force patterns since October 2014 (seasonally adjusted)

MONTH

Employed ('000)

Full-Time

Part-Time

Unemployment (%)

October 2014

11,540.0

8,004.6

3,535.4

6.2%

October 2015

11,768.5

8,132.4

3,636.1

6.2%

October 2016

11,918.7

8,082.2

3,836.5

5.7%

July 2017

12,186.1

8,370.8

3,815.4

5.6%

August 2017

12,217.4

8,352.6

3,864.8

5.6%

September 2017

12,270.4

8,392.1

3,878.3

5.6%

October 2017

12,290.2

8,398.2

3,892.0

5.5%

 

In October 2017, increases in trend employment were again observed in all states except Tasmania (down 300) the NT (down 100). The largest increases were in QLD (up 7,900) and NSW (up 6,700). On an annual basis, all states and territories experienced increases (except the NT) with the highest employment growth rates in QLD (4.6%), the ACT (3.1%) and Tasmania (3.0%). In seasonally adjusted terms, the only state with an increase in employment was QLD (up 12,600). The largest increases in seasonally adjusted unemployment were in Tasmania (up 0.4%) and WA (0.2%).

 

Unemployment measures by state/territory

STATE/TERRITORY

TREND

SEASONALLY ADJUSTED

ORIGINAL

September

October

September

October

September

October

%

%

%

%

%

%

New South Wales

4.7

4.7

4.6

4.6

4.5

4.4

Victoria

5.9

5.9

6.0

5.7

5.9

5.4

Queensland

5.9

5.9

5.9

6.0

5.7

5.6

South Australia

5.8

5.6

5.8

5.8

5.6

5.7

Western Australia

5.7

5.8

5.7

5.9

5.7

5.8

Tasmania

6.0

6.0

5.8

6.1

5.6

6.0

Northern Territory

4.1

4.2

np

np

4.6

3.7

ACT

4.1

3.8

np

np

3.9

3.3

AUSTRALIA

5.5

5.5

5.5

5.4

5.3

5.1

 

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 - October 2017)


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