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Trend Unemployment Rate at 6-year low

By Wood Recruitment - 25 Oct, 2018

Australian Trend Unemployment Rate

In September 2018, the largest increases in trend employment were in New South Wales (up 8,600 persons), followed by Victoria (up 7,900 persons) and Queensland and Western Australia (both up 1,900 persons).

TREND ESTIMATES (MONTHLY CHANGE)

  • Employment increased 26,400 to 12,640,800.
  • Unemployment decreased 10,500 to 688,500.
  • Unemployment rate remained steady at 5.2%.
  • Participation rate remained steady at 65.6%.
  • Monthly hours worked in all jobs increased 2.8 million hours (0.2%) to 1,755.7 million hours.

SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)

  • Employment increased 5,600 to 12,636,300. Full-time employment increased 20,300 to 8,654,400 and part-time employment decreased 14,700 to 3,981,900.
  • Unemployment decreased 37,200 to 665,800. The number of unemployed persons looking for full-time work decreased 38,000 to 449,700 and the number of unemployed persons only looking for part-time work increased 900 to 216,100.
  • Unemployment rate decreased by 0.3 pts to 5.0%.
  • Participation rate decreased by 0.2 pts to 65.4%.
  • Monthly hours worked in all jobs increased 6.2 million hours (0.4%) to 1,757.5 million hours.

Over the past year, increases in employment were observed in all states and territories. The largest increases were in New South Wales (up 134,700 persons), Victoria (up 85,200 persons), Queensland (up 39,100 persons), and Western Australia (up 13,400 persons).

SOURCE: ABS – (http://abs.gov.au/AUSSTATS/abs@.nsf/allprimarymainfeatures/6599071A002DF2FBCA2583290010350C?opendocument)

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