WA Unemployment Increases in October

The Australian Bureau of Statistics reported today that the Western Australian seasonally adjusted unemployment rate has risen slightly to 5.9% for October after small decreases leading to September of 5.7% - so a slight increase of 0.2% which was the second largest of the states. Only Tasmania which rose by 0.4% seasonally adjusted was a larger increase than Western Australia. Nationally, the unemployment rate has decreased from 5.5% in September to 5.4% for October, 2017.

The largest decrease in seasonally adjusted unemployment rate was recorded in Victoria which was down by 0.3% to 5.7% followed by New South Wales and South Australia both down by 0.1% to 4.6% and 5.8% respectively.

According to the ABS, in seasonally adjusted terms, the only state with an increase in employment was Queensland (up 12,600 persons). The largest decrease was in Victoria (down 14,500 persons), followed by Western Australia (down 3,900 persons).

Some further key stats :

  • the number of unemployed persons decreasing by 3,000 persons;

  • the unemployment rate remaining steady at 5.5 per cent;

  • the participation rate remaining steady at 65.2 per cent; and

  • the employment to population ratio increasing by less than 0.1 percentage points to 61.7 per cent.

Excert from the ABS Labour Force commentary:

Seasonally adjusted employment increased by 3,700 persons from September to October 2017. The underlying composition of the net change was an increase of 24,300 persons in full-time employment and a 20,700 decrease in part-time employment. Since October 2016, full-time employment has increased by 297,900 persons, while part-time employment has increased by 57,800 persons. Courtesy

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