Monthly trend employment growth in Australia eased further in May 2016, according to figures released by the Australian Bureau of Statistics (ABS) today.
Over the past month, trend employment increased by 3,700 persons to 11,919,400 persons – a monthly growth rate of 0.03 per cent. This monthly growth rate was below the monthly average over the past 20 years (0.15 per cent), and down further from the recent peak of 0.26 per cent in September 2015.
“The latest Labour Force release shows continued growth in trend part-time employment with decreases in full-time employment,” said General Manager of ABS’ Macroeconomic Statistics Division, Bruce Hockman.
“This is the eleventh consecutive month with part-time employment increases of more than 10,000 persons; and fourth consecutive month with full-time employment decreases of more than 5,000 persons.”
The trend unemployment rate remained steady at 5.7 per cent. The participation rate also decreased 0.1 percentage points to 64.8 per cent.
“The trend underutilisation rate, which is a quarterly measure that includes both unemployment and underemployment, remained steady at 14.2 per cent. We have also seen the recent trends of increasing underemployment for males and decreasing underemployment for females continuing into May.” Mr Hockman said.
“Trend series smooth the more volatile seasonally adjusted estimates and provide the best measure of the underlying behaviour of the labour market,” Mr Hockman said.
The seasonally adjusted number of persons employed increased by 17,900 in May 2016. The seasonally adjusted unemployment rate for May 2016 remained unchanged at 5.7 per cent and the seasonally adjusted labour force participation rate was unchanged at 64.8 per cent.