ABS 6202.0 - Labour Force, Australia, July 2017. Jobless rate falls to 5.6%. Ten months of gains.
ABS 6202.0 - Labour Force, Australia, July 2017. Jobless rate falls to 5.6%. Ten months of gains.; Average number of workers being employed every six months has its strongest run in seven years
Tweet Topic Started: 17 Aug 2017, 03:54 PM (536 Views)
Employment increased 26,000 to 12,196,900. Unemployment decreased 1,800 to 726,000. Unemployment rate remained steady at 5.6%. Participation rate increased by less than 0.1 pts, but remained at 65.0% in rounded terms. Monthly hours worked in all jobs increased 5.2 million hours (0.3%) to 1,696.4 million hours.
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)
Employment increased 27,900 to 12,201,400. Full-time employment decreased 20,300 to 8,342,300 and part-time employment increased 48,200 to 3,859,100. Unemployment increased 1,100 to 730,600. The number of unemployed persons looking for full-time work decreased 3,800 to 496,400 and the number of unemployed persons only looking for part-time work increased 4,900 to 234,200. Unemployment rate decreased by less than 0.1 pts to 5.6% Participation rate increased by 0.1 pts to 65.1%. Monthly hours worked in all jobs decreased 14.4 million hours (0.8%) to 1,690.4 million hours.
The average number of workers being employed every six months has had its strongest run in seven years, new figures show, as the unemployment rate drops to 5.6 per cent on the back of 10 straight months of gains in full-time employment.
"Full-time employment has now increased by around 220,000 persons since September 2016, and makes up the majority of the 250,000 person increase in employment over the period," Australian Bureau of Statistics (ABS) chief economist Bruce Hockman said.
But the growth in jobs has failed to give rise to greater incomes, with the growth in average weekly male earnings slipping again to stall at their lowest level since World War II.
Figures from the Australian Bureau of Statistics reveal 14,000 new jobs were added in June.
Economists are usually sceptical about single-month job gains but Thursday's result is the fifth chunky gain in as many months.
Over the past year, the three states with the strongest growth in employment were Tasmania [4.0 per cent], Victoria [3.1 per cent] and Queensland [2.7 per cent], while NSW is nearing full employment with only 5 per cent of the population unemployed.
Jobless rate falls to 5.6%. Ten months of gains.; Average number of workers being employed every six months has its strongest run in seven years
This chart must be wrong and the ABS must have made some sort of mistake. I have it on good authority that jobs are tanking everywhere. Something about robots and Asians.
This chart must be wrong and the ABS must have made some sort of mistake. I have it on good authority that jobs are tanking everywhere. Something about robots and Asians.
This chart must be wrong and the ABS must have made some sort of mistake. I have it on good authority that jobs are tanking everywhere. Something about robots and Asians.
Not sure about tha robots? But fully expects they's includin' tha Asian immigrants in the jobs gains - LOL
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
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