Australia full-time jobs soar high

Monthly trend employment in Australia decreased in October 2016, according to figures released by the Australian Bureau of Statistics (ABS) today.

In October 2016, trend employment decreased by 1,000 persons to 11,946,600 persons, the first decrease in the trend series since November 2013. This slight fall in trend employment reflected an increase in part-time employment of 8,400 persons being more than offset by a decrease in full-time employment of 9,500 persons.

“Since December 2015 we have seen a continued decline in trend full-time employment and an increase in part-time employment, with a corresponding increase in the share of hours worked by part-time workers. This shift to part-time employment has been more pronounced for males compared to females,” said the Program Manager of ABS’ Labour and Income Branch, Jacqui Jones.

“Over the past year, part-time employment has increased from around 31 per cent of employment to 32 per cent. That’s a relatively large shift, if you consider that it was around 29 per cent 10 years ago.

“Since December 2015, there are now around 132,700 more persons working part-time, compared with a 69,900 decrease in those working full-time,” said Ms Jones.

The trend monthly hours worked increased by 3.2 million hours (0.2 per cent), with increases in total hours worked by both full-time and part-time workers.

The trend unemployment rate remained steady at 5.6 per cent. The participation rate decreased by 0.1 percentage points to 64.5 per cent. Participation has decreased by 0.6 percentage points over the past year.

Trend series smooth the more volatile seasonally adjusted estimates and provide the best measure of the underlying behaviour of the labour market.

The seasonally adjusted number of persons employed increased by 9,800 in October 2016. The seasonally adjusted unemployment rate for October 2016 remained at 5.6 per cent, and the seasonally adjusted labour force participation rate remained at 64.4 per cent.

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Sep 2016
Oct 2016
Sep 16 to Oct 16
Oct 15 to Oct 16

Trend
Employed persons (‘000)
11 947.6
11 946.6
-1.0
0.9
%
Unemployed persons (‘000)
712.7
708.6
-4.1
-6.0
%
Unemployment rate (%)
5.6
5.6
0.0
pts
-0.4
pts
Participation rate (%)
64.6
64.5
-0.1
pts
-0.6
pts
Seasonally Adjusted
Employed persons (‘000)
11 929.1
11 938.9
9.8
0.9
%
Unemployed persons (‘000)
707.1
705.1
-2.0
-5.2
%
Unemployment rate (%)
5.6
5.6
0.0
pts
-0.3
pts
Participation rate (%)
64.4
64.4
0.0
pts
-0.6
pts

 

OCTOBER KEY POINTS

TREND ESTIMATES (MONTHLY CHANGE)

  • Employment decreased 1,000 to 11,946,600.
  • Unemployment decreased 4,100 to 708,600.
  • Unemployment rate remained steady at 5.6%.
  • Participation rate decreased 0.1 pts to 64.5%.
  • Monthly hours worked in all jobs increased 3.2 million hours to 1668.0 million hours.

SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)

  • Employment increased 9,800 to 11,938,900. Full-time employment increased 41,500 to 8,126,900 and part-time employment decreased 31,700 to 3,812,000.
  • Unemployment decreased 2,000 to 705,100. The number of unemployed persons looking for full-time work increased 700 to 494,300 and the number of unemployed persons only looking for part-time work decreased 2,700 to 210,800.
  • Unemployment rate remained steady at 5.6%.
  • Participation rate remained steady at 64.4%.
  • Monthly hours worked in all jobs increased 14.3 million hours to 1674.8 million hours.

NOTES

FORTHCOMING ISSUES

ISSUE Release Date
November 2016 15 December 2016
December 2016 19 January 2017
January 2017 16 February 2017
February 2017 16 March 2017
March 2017 13 April 2017
April 2017 18 May 2017

REVIEW OF INCOMING ROTATION GROUPS

Last month the ABS observed that the incoming rotation group was considerably different to the rest of the Queensland sample and its influence was reduced as part of the estimation process.

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The ABS has further reviewed the treatment of September’s incoming rotation group in Queensland and confirmed that the characteristics observed in September are relatively consistent with those observed in October, suggesting that last month’s data were representative of the new group. Its influence has therefore been restored, resulting in revisions to September estimates for Queensland and (to a lesser extent) Australia.

QUARTERLY REBENCHMARKING

Every quarter, Labour Force population benchmarks are updated to align with the latest available Estimated Resident Population series. To enable users to assess the impact of the rebenchmarking, the ABS publishes rebenchmarked Labour Force estimates one week prior to Labour Force, Australia (cat. no. 6202.0), within Labour Force, Australia – Rebenchmarked Estimates (cat. no. 6202.0.55.003), the next issue of which will be released on 8 December 2016. These rebenchmarked estimates are produced for information only, and should not be considered a replacement for the estimates in Labour Force, Australia (cat. no. 6202.0).

SAMPLING ERROR

The estimates in this publication are based on a sample survey. Published estimates and movements are subject to sampling variability. Standard errors give a measure of sampling variability. The interval bounded by two standard errors is the 95% confidence interval, which provides a way of looking at the variability inherent in estimates. There is a 95% chance that the true value of the estimate lies within that interval.

MOVEMENTS IN SEASONALLY ADJUSTED SERIES BETWEEN SEPTEMBER 2016 AND OCTOBER 2016

Monthly change
95% Confidence interval

Total Employment
9 800
-48 600
to
68 200
Total Unemployment
-2 000
-38 600
to
34 600
Unemployment rate
0.0 pts
-0.4 pts
to
0.4 pts
Participation rate
0.0 pts
-0.4 pts
to
0.4 pts