Australia has achieved its ninth straight month of job gains, with 14,000 new jobs added to the economy in June.
Full-time employment grew by 62,000 jobs, while part-time employment decreased by 48,000. Since June 2016, full-time employment increased by 175,400 persons, while part-time employment increased by 64,800 persons.
Figures released by the Australian Bureau of Statistics on Thursday show the unemployment rate has held steady at 5.6%, which remains near its lowest level in four years after May’s figures were revised up.
“Full-time employment has increased by around 187,000 persons since September 2016, with particular strength over the past five months, averaging around 30,000 persons per month,” Chief Economist for the ABS Bruce Hockman said. “Full-time employment now accounts for about 68% of employment, however this is down from around 72% a decade ago.”
Economists had previously predicted the data to show the number of people in employment growing by 15,000 in June, a more modest result following three months of strong gains – ranging from 53,000 to 42,000.
Increases in trend employment were observed in all states and territories except for the Northern Territory (down 1,300). The largest increases were in New South Wales (up 11,600 persons) and Victoria (up 7,300 persons).
Today’s figures also show:
- A record number of 12,166,900 Australians are employed;
- A record number of 8,356,000 Australians are in full-time employment;
- The total number of people working in Australia has now increased for the past nine months;
- Full-time employment has now risen by 166,700 in the six months to June 2017, the largest increase in full-time employment in the first half of a calendar year on record;
- Employment has now increased by 240,200, or 2 per cent, over the year, above the decade average rate, of 1.6 per cent
The strong figures are likely to be latched onto as further evidence that the rebound in the labour market is beyond doubt.