Australia adds 7900 Jobs, mostly FULL-TIME

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Australia adds 7900 Jobs, mostly FULL-TIME


 

Australia’s jobs report for June 2016 was released earlier, and it’s largely in line with expectations.

According to the Australian Bureau of Statistics (ABS), employment grew by 7,900 in seasonally adjusted terms, slightly missing expectations for a gain of 10,000.

  • The increase took the total number of employed to 11.94 million, the highest level on record.
  • Over the past year employment grew by 1.9%.

While a slightly disappointing headline result, it was more than offset by the internals of the report with full time employment surging by 38,400, largely offsetting a 30,500 drop in part time employment.

Male full time employment, after several years of tepid growth, jumped by 27,300. This was further bolstered by an increase of 11,100 in female full time employment growth.

By state and territory, Victoria and South Australia recorded the strongest jobs growth during the month, rising by 24,200 and 4,600 respectively. This was partially offset by declines of 11,900, 10,300 and 1,400 respectively in New South Wales, Western Australia and Queensland.

Across the states, New South Wales recorded the lowest unemployment rate across the country at 5.3%, although this was higher than the 5.1% rate of May.

In order of lowest to highest, New South Wales was followed by Western Australia and Victoria at 5.7%, Queensland at 6.5%, Tasmania at 6.6% and South Australia with 7.0%.

The ACT and Northern Territory recorded unemployment rates of 3.6% and 3.7% in trend terms.

October 14, 2016