Full-time employment increased for fourth straight month

Monthly trend full-time employment increased by 6,500 in Australia in January 2017, according to figures released by the Australian Bureau of Statistics (ABS) today. This was the fourth consecutive month of increasing full-time employment, after eight consecutive decreases earlier in 2016.

The trend unemployment rate was 5.7 per cent for the ninth consecutive month. The trend participation rate was unchanged at 64.6 per cent.

 

Total trend employment increased by 11,700 persons to 11,984,300 persons in January 2017, reflecting an increase in both full-time (6,500) and part-time (5,100) employment. Total employment growth over the year was 0.8 per cent, which was less than half the average growth rate over the past 20 years (1.8%).

“We are still seeing strong growth in part-time employment in January 2017, and in recent months, increasing growth in full-time employment. There are now around 129,800 more people working part-time than there were a year ago, and around 40,100 fewer people working full-time,” said the General Manager of ABS’ Macroeconomic Statistics Division, Bruce Hockman.

The trend monthly hours worked increased by 3.6 million hours (0.2 per cent), with increases in total hours worked by both full-time workers and part-time workers.

Trend series smooth the more volatile seasonally adjusted estimates and provide the best measure of the underlying behaviour of the labour market.

The seasonally adjusted number of persons employed increased by 13,500 in January 2017. The seasonally adjusted unemployment rate decreased by 0.1 percentage points to 5.7 per cent, and the seasonally adjusted labour force participation rate decreased by 0.1 percentage points to 64.6 per cent.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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