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November employment continues growth

Posted on : Monday, 18 December 2017

Trend employment continued to increase in November with a monthly rise of 22,200 (to 12,380,100), while over the past 12 months employment increased by 371,000 (or 3.1%). This is above the average year-on-year growth over the past 20 years of 1.9%. Trend full-time employment grew by 15,300 in November with part-time employment increasing by 6,900.


The monthly trend unemployment rate remained at 5.4%. the same as October's revised figure. Unemployment numbers decreasing by 2,900, the lowest trend unemployment rate since December 2012.


The November monthly seasonally adjusted employment rate increased by 61,600 (to 12,403,000) with full-time employment increasing 41,900 (to 8,501,900) and part-time increasing 19,700 to 3,901,100. The number of unemployed persons looking for full-time work increased 2,500 (to 489,900) and with 217,800 unemployed persons looking only for part-time work, this increased by 1,700.


The seasonally adjusted unemployment rate held steady at 5.4% in November. The national participation rate (seasonally adjusted) increased 0.3 points to 65.5%.


National labour force patterns since November 2014 (seasonally adjusted)

MONTH

Employed ('000)

Full Time

Part Time

Unemployment (%)

November 2014

11,566.8

7,997.8

3,569.0

6.3%

November 2015

11.921.8

8,207.2

3,714.6

5.8%

November 2016

12,019.7

8,197.2

3,822.4

5.7%

August 2017

12,312.7

8,427.6

3,885.2

5.5%

September 2017

12,333.5

8,428.9

3,904.6

5.4%

October 2017

12,341.3

8,459.9

3881.4

5.4%

November 2017

12.403.0

8,501.9

3,901.1

5.4%

 

In November 2017, increases in trend employment were again observed in all states and territories except SA (400) and Tasmania (down 300). The largest increases were in NSW (up 8.300) and QLD (up 6,200). On an annual basis, all states and territories experienced increases (except the NT) with the highest employment growth rates in QLD (4.8%), the ACT (3.9%) and Victoria (3.0%). In seasonally adjusted terms, the only states and territories with an increase in employment were Victoria (up 32,900) followed by NSW (up 28,500) and WA (up 8,500). The largest increases in seasonally adjusted unemployment were in WA (up 0.6%) and SA (0.3%).


Unemployment measures by state/territory

STATE/TERRITORY

TREND

SEASONALLY ADJUSTED

ORIGINAL

October

November

October

November

October

November

%

%

%

%

%

%

New South Wales

4.7

4.6

4.6

4.6

4.4

4.4

Victoria

5.8

5.7

5.7

5.5

5.4

5.1

Queensland

5.8

5.8

5.9

5.9

5.6

5.2

South Australia

5.8

5.8

5.8

6.1

5.7

5.9

Western Australia

6.1

6.2

6.0

6.6

5.8

6.0

Tasmania

5.9

5.9

6.0

5.8

6.0

5.7

Northern Territory

4.4

4.6

np

np

3.7

4.7

ACT

3.9

3.8

np

np

3.3

3.8

AUSTRALIA

5.5

5.4

5.5

5.4

5.1

5.0

 

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 - November 2017)


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