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WA continues to have the nation’s lowest unemployment rate

By Wood Recruitment - 10 Jun, 2022

While the national skills shortages bite hard across Australia, WA has maintained a record low unemployment rate of just 3.9%. The last time the unemployment rate was lower than this was in August 1974!

 

The latest ABS Labour Statistics reveal that in April 2022, we saw employment rise by 4,000 people and unemployment fall by 11,000. As a result, the unemployment rate decreased slightly with the revised March 2022 rate of 3.9%. The employment participation rate has also remained close to historical highs since March 2022 and is currently sitting at 66.3%.

ABS Labour Force Findings from April 2022

​​​​​​​• Employment increased to 13,401,700.
• The underemployment rate decreased to 6.1%, which is the lowest rate since 2008.
​​​​​​​• Monthly hours worked increased by 23 million hours.
• Youth unemployment decreased and is lower than pre-covid data.
• The number of employed persons further decreased and is down by 28.2% from a year ago with 537,100 persons unemployed.
• Full-time employment increased by almost 100,000 persons which was about the same as the decrease in part-time employment.
• The unemployment rate for males fell by 0.2 percentage points to 4.0%, its lowest level since October 2008.
• For females, it remained at 3.7% for a second month, which is the lowest it has been since May 1974.

 

For the latest Labour Force data, visit the Australian Bureau of Statistics: abs.gov.au.

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