Australia's Unemployment Rate At Three Year Low

Filed under: International,Labor,News |

By Danny Romero — The seasonally adjusted unemployment rate in Australia decreased by 0.1% to 5.6% in August compared to the previous month, its lowest rate in three years according to figures from the Australian Bureau of Statistics.

australiaThe data showed that the number of unemployed decreased by 3,900 in August 2016 compared to July 2016. Meanwhile the number of full-time workers increased by 11,500.

Meanwhile, in August 2016, employment increased by 9,900 persons to 11,965,100 persons – a monthly growth rate of 0.1%. Part-time employment growth continued, with an increase of 10,200 persons, while full-time employment decreased by 400 persons

”The latest Labour Force release shows continued strength in part-time employment growth, with the majority coming from increasing male part-time employment. Since December 2015, there are now around 105,300 more persons working part-time, compared with a 21,500 decrease in those working full-time,” Program Manager of ABS’ Labour and Income Branch, Jacqui Jones, said.

“Of the majority of the persons who were employed for the Census, most already had another job, but worked more hours during the month,” Jones said.

Monthly hours worked increased by 1.7 million hours (0.1%), although it remained below the high in December 2015, reflecting the shift in full-time and part-time employment.

Source: Staffing Industry Analysts Daily Newsfeed

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