Seasonally Adjusted Unemployment Rate Stands At 5.7 % November 2016

Seasonally Adjusted Unemployment Rate Stands At 5.7 % November 2016

Australian Bureau Of Statistics

Full-Time Employment Remains Steady

Victor P Taffa

Monthly trend full-time employment was largely unchanged in Australia in November 2016, according to figures released by the Australian Bureau of Statistics (ABS) today.

Total trend employment increased by 3,100 persons to 11,949,300 persons in November 2016, reflecting an increase in part-time employment of 3,200 persons and a small decrease of 100 persons working full-time.

 

“Over the past year we have seen a shift towards part-time employment, particularly in the first half of 2016. There are now around 138,300 more people working part-time than there were a year ago, and around 51,000 fewer people working full-time.” General Manager of ABS’ Macroeconomic Statistics Division, Bruce Hockman said.

Trend unemployment rate remained steady at 5.6 % for the second consecutive month, having fallen over the past two years from 6.2 % in November 2014.

Trend participation rate was unchanged at 64.5 %.

Trend monthly hours worked increased by 0.8 Million hours (0.1 %), with decreases in total hours worked by full-time workers and an increase in hours worked by part-time workers.

Quarterly trend underemployment rate remained at 8.5 % for a third successive quarter.

“The underemployment rate is still at a historically high level for Australia, but has been relatively unchanged over the past two years.” Mr. Hockman said.

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

Seasonally adjusted number of persons employed increased by 39,100 in November 2016.

Seasonally adjusted unemployment rate increased by 0.1 percentage points to 5.7 %, and the seasonally adjusted labour force participation rate increased by 0.2 percentage points to 64.6 %.