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Full time employment increases for 16th month

Posted on : Tuesday, 27 March 2018

Recent employment data released by the ABS shows over the past month trend employment has continued to show ongoing growth in Australia's employment levels with employment increasing by 19,300 (to 12,480,500). On an annual basis, this indicator shows employment increasing by 399,500 (or 3.3%). Trend full time employment increased by 7,700 between January and February. Part time employment increased by 11,600. Monthly trend unemployment rate remained at 5.5%.


In seasonally adjusted employment terms, the February monthly rate saw employment increase by 17,500 (12,480,500), with full time employment increasing by 64,900 (8,533,600) and part time employment decreasing by 47,400 (3,946,900). The monthly unemployment rate (seasonally adjusted) increased 8,900 (to 734,100) (5.5%). The number of unemployed persons looking for full time work increased 13,600 (512,900) and with 221,200 unemployed persons looking only for part time work, this decreased by 4,700. While the national participation rate (seasonally adjusted) increased 0.1 pts to 65.7%.

 

National labour force patterns since February 2015 (trend)

MONTH

Employed ('000)

Full Time

Part Time

Unemployment (%)

February 2015

11,672.6

8,074.3

3,598.4

6.1%

February 2016

11,948.1

8,213.1

3,735.0

5.7%

February 2017

12,080.9

8,226.0

3,854.9

5.8%

November 2017

12,405.9

8,484.5

3,921.4

5.5%

December 2017

12,435.4

8,499.1

3,936.3

5.5%

January 2018

12,461.1

8,511.3

3,949.8

5.5%

February 2018

12.480.5

8,519.1

3,961.4

5.5%

 

In February, increases in trend employment were observed in all states and territories except Tasmania which remained steady. The largest increases were in NSW (up 7,300) and Queensland (up 4,200) and SA (2,700). On an annual basis, the highest annual growth rates were in the ACT (4.7%), QLD (4.6%) and NSW (3.9%). In seasonally adjusted terms, the largest increase in employment were NSW (+28,400) and SA (+7,500). The largest increases in seasonally adjusted unemployment was in Tasmania (up 0.7%) and WA and SA (0.2%).

 

Unemployment measures by state/territory

STATE/TERRITORY

TREND

SEASONALLY ADJUSTED

ORIGINAL

January

February

January

February

January

February

%

%

%

%

%

%

New South Wales

4.8

4.9

5.1

4.8

5.5

5.2

Victoria

5.7

5.7

5.6

5.7

6.1

6.0

Queensland

6.1

6.1

6.1

6.2

6.5

7.0

South Australia

6.1

6.2

6.1

6.3

6.3

6.7

Western Australia

6.0

6.0

5.8

6.0

6.1

6.7

Tasmania

5.8

5.8

5.3

6.0

5.4

6.4

Northern Territory

4.5

4.4

np

np

3.9

4.2

ACT

4.0

4.1

np

np

4.7

4.6

 

 

 

 

 

 

 

AUSTRALIA

5.5

5.5

5.5

5.6

6.0

6.0

 

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 - February 2018)