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January full-time employment trend shows mixed changes

Posted on : Friday, 16 February 2018

Recent employment data released by the ABS shows over the past month that trend employment continued to show ongoing growth, with employment increasing by 23,000 (to 12,446,600) or 3.3%.


On an annual basis, this indicator shows employment increasing by 394,900. Trend full time employment increased by 8,800 between December and January (16,000 previously). Part time employment increased by 14,200 (8,400). Monthly trend unemployment rate remained at 5.5% (based on revised data) which represented an increase of 2,600 persons to 720,200.


In seasonally adjusted employment terms, the January monthly rate saw employment increase by 16,000 (12,453,500) or 3.3%. However, full time employment decreased by 49,800 and part time employment increased (8,460,900) by 65,900 (3,992,600). The monthly unemployment rate (seasonally adjusted) decreased 7,900 (to 723,800), or 5.5%. The number of unemployed persons looking for full time work decreased 4,500 (to 497,800) and with 226,000 unemployed persons looking only for part time work, a decrease of 3,400. The national participation rate (seasonally adjusted) increased 0.1 points to 65.6%.


National Labour Force patterns since January 2015 (trend)

MONTH

Employed ('000)

Full Time

Part Time

Unemployment (%)

January 2015

11,642.0

8,055.1

3,587.0

6.2%

January 2016

11,939.0

8,217.6

3,721.3

5.8%

January 2017

12,051.7

8,203.0

3,848.6

5.8%

October 2017

12,363.9

8,460.6

3,903.3

5.5%

November 2017

12,395.2

8,475.3

3,919.9

5.5%

December 2017

12,423.6

8,486.4

3,937.2

5.5%

January 2018

12.446.6

8,495.2

3,951.4

5.5%

 

In January, increases in trend employment were observed in all states and territories. The largest increases were in NSW (up 7,600) and Victoria (up 4,400). On an annual basis, all states experienced increases (except the NT) with the highest increases in NSW (up 136,900), QLD (110,400) and Victoria (90,200). In seasonally adjusted terms, the largest increase in employment were in QLD (up 19,700) and SA (up 5,300). The largest increases in seasonally adjusted unemployment was in NSW (up 0.3%) and QLD and SA (up 0.1%).


Unemployment measures by state/territory

STATE/TERRITORY

TREND

SEASONALLY ADJUSTED

ORIGINAL

December

January

December

January

December

January

%

%

%

%

%

%

New South Wales

4.8

4.8

4.8

5.1

4.7

5.5

Victoria

5.7

5.7

6.1

5.6

5.8

6.1

Queensland

5.9

6.0

6.0

6.1

5.9

6.5

South Australia

5.9

6.0

5.9

6.0

5.9

6.3

Western Australia

6.0

6.0

5.7

5.7

6.1

6.1

Tasmania

5.8

5.7

6.1

5.3

6.0

5.4

Northern Territory

4.7

4.6

np

np

5.2

3.9

ACT

3.9

4.0

np

np

3.7

4.7

AUSTRALIA

5.5

5.5

5.6

5.5

5.4

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 - January 2018)