Unemployment Rate Steady At 5.1% In April 2019

Unemployment Rate Steady At 5.1% In April 2019

Australian Bureau Of Statistics

Trend Unemployment Rate Steady At 5.1%

Victor P Taffa

Australia’s trend unemployment rate remained steady in April 2019 at 5.1 %, from a revised March 2019 figure, according to the latest information released by the Australian Bureau of Statistics (ABS).

“Unemployment rate remained at 5.1 % for a second month, 0.4 percentage points lower than the same time last year.” ABS Chief Economist Bruce Hockman said.

Employment And Hours

In April 2019, trend monthly employment increased by around 21,000 persons. Full-time employment increased by 15,000 persons and part-time employment increased by 6,000 persons.

Over the past year, trend employment increased by 311,000 persons (2.5 %) which was above the average annual growth over the past 20 years (2.0 %).

“Rise in employment over the past year was supported by an increase of around 260,000 full-time and 50,000 part-time employed persons.” Mr. Hockman said.

Trend monthly hours worked increased by 0.3 % in April 2019 and by 2.8 % over the past year. This was above the 20-year average year-on-year growth of 1.7 %.

Underemployment And Underutilisation

Trend monthly underemployment rate remained steady at 8.3 % in April 2019 and decreased by 0.2 percentage points over the year. The monthly trend underutilisation rate increased by 0.1 percentage points to 13.4 %, and decreased by 0.6 percentage points over the year.

States And Territories Trend Unemployment Rate

Trend unemployment rate remained steady in:

  • New South Wales,
  • South Australia,
  • Western Australia.

Trend unemployment rate decreased by 0.1 percentage points in:

  • Northern Territory.

Trend unemployment rate decreased by less than 0.1 percentage points in:

  • Queensland

Trend unemployment rate increased by 0.2 percentage points in:

  • Australian Capital Territory,

Trend unemployment rate increased by 0.1 percentage points in:

  • Tasmania.

Trend unemployment rate increased by less than 0.1 percentage points in:

  • Victoria.

Over the year, the unemployment rate fell in:

  • New South Wales,
  • Victoria,
  • Queensland,
  • Western Australia.

Over the year, the unemployment rate increased in:

  • South Australia,
  • Tasmania,
  • Northern Territory,
  • Australian Capital Territory.

Seasonally Adjusted Data

Seasonally adjusted unemployment rate increased 0.1 percentage points to 5.2 % in April 2019, from a revised March 2019 figure (5.1 %). The participation rate increased 0.2 percentage points to 65.8 %. The seasonally adjusted number of persons employed increased by 28,000.

Net movement of employed in both trend and seasonally adjusted terms is underpinned by around 300,000 people entering and leaving employment in the month.