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August full time employment trend continues

Posted on : Tuesday, 19 September 2017

The monthly full-time employment trend continued to increase in August 2017, with trend estimate of employment increasing by 27,100 (to 12,249,500) compared with 26,000 in July. Over the past 12 months, employment increased by 307,300 positions (2.6%). The unemployment rate (trend) remained steady at 5.6%. In seasonally adjusted terms, the 12-month employment rate also increased (up 2.7%) with the unemployment rate also steady at 5.6%.

 

The August monthly seasonally adjusted employment rate increased by 54,200 (to 12,269,000) with full time employment increasing 40,100 (to 8,392,300) and part time increasing 14,100 to 3,876,700.

 

The seasonally adjusted unemployment figures showed unemployment decreased 1,100 (to 727,500). The number of unemployed persons looking for full time work increased to 501,600 (up 6,400), with 225,900 unemployed persons looking only for part time work (down 7,500).

 

The national participation rate (seasonally adjusted) increased 0.2% to 65.3%.

 

National labour force patterns since August 2014 (seasonally adjusted)


MONTH

Employed ('000)

Full Time

Part Time

Unemployment (%)

August 2014

11,541.2

8,011.9

3,529.3

6.1%

August 2015

11,762.0

8,110.1

3,651.9

6.2%

August 2016

11,943.3

8,141.1

3,802.2

5.7%

May 2017

12,163.7

8,300.9

3,862.8

5.5%

June 2017

12,185.5

8,372.0

3,813.4

5.6%

July 2017

12,214.7

8,352.2

3,862.6

5.6%

August 2017

12,269.0

8,392.3

3,876.7

5.6%

 

In August 2017, increases in trend employment were again observed in all states except the Northern Territory (down 1,300). The largest increases were in Queensland (up 10,600) and New South Wales (up 8,000). On an annual basis, all states experienced increases (except the NT) with the highest employment growth in Tasmania (4.0%), QLD (3.7%), Victoria (3.2%) and NSW (2.6%). In seasonally adjusted terms, the largest increase in employment was in Victoria (up 18,600), QLD (up 16,700) and NSW (12,900). The largest decreases in seasonally adjusted unemployment was in QLD and South Australia (both down 0.5%) while Western Australia had the largest increase (up 0.5%).

 

Unemployment measures by state/territory


                                   
STATE/TERRITORY

TREND

SEASONALLY ADJUSTED

ORIGINAL

July

August

July

August

July

August

%

%

%

%

%

%

New South Wales

4.9

4.9

5.0

5.0

4.9

5.0

Victoria

6.1

6.1

6.1

6.1

6.0

6.1

Queensland

6.1

6.0

6.2

5.7

6.0

5.6

South Australia

6.3

6.1

6.2

5.7

6.1

5.5

Western Australia

5.6

5.5

5.4

5.9

5.3

5.8

Tasmania

6.0

6.1

6.3

6.0

6.3

6.2

Northern Territory

3.5

3.6

np

np

3.5

4.4

ACT

4.6

4.7

np

np

4.5

4.1

AUSTRALIA

5.6

5.6

5.6

5.6

5.5

5.5

 

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 - August 2017).


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