Umemployment - Australia
Labour Force, Australia, Oct 2017
www.first2move.com.au
The monthly trend unemployment rate remained at 5.5 per cent in October 2017, according to figures released by the Australian Bureau of Statistics (ABS) today. This reflects the continued strength in employment growth in the Australian labour market.
Monthly trend full-time employment increased for the 13th straight month in October 2017. Full-time employment grew by a further 16,000 persons in October, while part-time employment increased by 4,000 persons.
"Full-time employment has now increased by around 289,000 persons since October 2016, and makes up the majority of the 347,000 person net increase in employment over the period," Chief Economist for the ABS, Bruce Hockman, said.
"Over the past year, trend employment increased by 2.9 per cent, which is above the average year-on-year growth over the past 20 years (1.9 per cent)."
The labour force participation rate remained at 65.2 per cent for a second month, the highest it has been since April 2012.
The trend monthly hours worked increased by 3.5 million hours (0.2 per cent), with the annual figure also showing strong growth (3.1 per cent). This is consistent with the continued growth in full-time employment.
(Source: Australian Bureau of Statistics )
www.first2move.com.au
The monthly trend unemployment rate remained at 5.5 per cent in October 2017, according to figures released by the Australian Bureau of Statistics (ABS) today. This reflects the continued strength in employment growth in the Australian labour market.
Monthly trend full-time employment increased for the 13th straight month in October 2017. Full-time employment grew by a further 16,000 persons in October, while part-time employment increased by 4,000 persons.
"Full-time employment has now increased by around 289,000 persons since October 2016, and makes up the majority of the 347,000 person net increase in employment over the period," Chief Economist for the ABS, Bruce Hockman, said.
"Over the past year, trend employment increased by 2.9 per cent, which is above the average year-on-year growth over the past 20 years (1.9 per cent)."
The labour force participation rate remained at 65.2 per cent for a second month, the highest it has been since April 2012.
The trend monthly hours worked increased by 3.5 million hours (0.2 per cent), with the annual figure also showing strong growth (3.1 per cent). This is consistent with the continued growth in full-time employment.
(Source: Australian Bureau of Statistics )
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