Australia’s trend estimate of employment increasing by 16,500 persons in March 2017, with:
- the number of unemployed persons increasing by 5,800 persons;
- the unemployment rate increasing to 5.9 per cent;
- the participation rate increasing to 64.7 per cent; and
- the employment to population ratio remaining steady at 60.9 per cent
“We have seen strengthening in full-time growth over recent months, following falls in full-time employment recorded through much of 2016” said the Acting General Manager of ABS’ Macroeconomic Statistics Division, Jacqui Jones.
Over the past year, trend employment increased by 122,500 persons (or 1.0 per cent), which is a little over half the average year-on-year growth over the past 20 years (1.8 per cent). Over the same 12 month period the trend employment to population ratio, which is a measure of how employed the population over 15 years is, decreased by 0.3 percentage points to 60.9 per cent.
In monthly terms, the trend employment increase of 16,500 persons between February 2017 and March 2017 represents an increase of 0.14 per cent. This was slightly below the monthly average growth rate over the past 20 years of 0.15 per cent.
Trend full-time employment increased by 15,600 persons in March, with part-time employment increasing by 900 persons. There are now 25,200 more persons employed full-time than there were a year ago, while part time employment has increased by 97,200 persons taking the part-time share of employment from 31.4 per cent to 31.9 per cent.
In March 2017, increases in trend employment were observed in all states and territories, with the exception of New South Wales. The largest increase was in Victoria (up 5,100 persons) and Queensland (up 4,400 persons), while employment decreased in New South Wales by 1,000 persons.
Since February 2016, the largest increases in employment have been in Victoria (up 98,100 persons), followed by South Australia (up 11,100 persons) and the Northern Territory (up 9,200 persons). Over the same period, the largest decreases in employment were in Queensland (down 5,200 persons), New South Wales (down 4,300 persons) and Western Australia (down 3,700 persons).
The trend unemployment rate increased by less than 0.1 percentage points in New South Wales (5.2 per cent) and Victoria (6.1 per cent), while the unemployment rate remained steady in Queensland (6.4 per cent) and South Australia (6.7 per cent). The unemployment rate declined in all other states and territories.
The trend participation rate increased in Queensland and South Australia (up 0.1 percentage points) and in the Northern Territory in (up 0.4 percentage points). New South Wales and the Australian Capital Territory saw decreases of 0.1 percentage points.