Australian full-time employment growth continues

In BICSI Bytes by info@bicsi.com.au

Monthly trend full-time employment increased for the ninth straight month in June 2017, according to the Australian Bureau of Statistics (ABS).

Full-time employment grew by a further 30,000 persons, while part-time employment decreased by 4,000 persons, underpinning an increase in total employment of 26,000 persons.

“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, but down from around 72% a decade ago.”

Over the past year, trend employment increased by 227,000 persons (1.9%), which is the same as the average year-on-year growth over the past 20 years. It has increased since December 2016, when the year-on-year growth was at 0.8% and reflected relatively low employment growth through most of 2016.

The trend monthly hours worked increased by 6.2 million hours (0.4%) to 1,691.5 million hours in June 2017. Most of this increase was hours worked by full-time workers.

The trend unemployment rate in Australia decreased by less than 0.1 percentage points to 5.6% in June 2017.

The seasonally adjusted number of persons employed increased by 14,000 in June 2017, while the seasonally adjusted unemployment rate remained steady at 5.6%, and the seasonally adjusted labour force participation rate increased to 65.0%.