Australian employment growth strengthens in March

In BICSI Bytes by info@bicsi.com.au

Trend employment in Australia increased by 16,500 to 12,033,400 persons in March 2017, according to the Australian Bureau of Statistics (ABS), with the total employment growth over the year being 1.0%, just over half the average growth-rate of the past 20 years (1.8%).

“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.

The trend monthly hours worked decreased by 0.4 million hours (0.02%), with decreases in total hours worked by both full-time and part-time workers.

The trend unemployment rate in Australia increased by less than 0.1 percentage points, to 5.9% in March 2017, while the trend participation rate also increased slightly, to 64.7%.

The seasonally adjusted number of persons employed increased by 60,900 in March 2017, while the seasonally adjusted unemployment rate remained steady at 5.9%, and the seasonally adjusted labour force participation rate increased 0.2 percentage point to 64.8%.