Labour Force figures released by the Australian Bureau of Statistics (ABS) show full-time employment increased for the 14th straight month in November 2017.
Full-time employment grew by a further 41,900 jobs in November, while part-time employment increased by 19,700 jobs, underpinning a total increase in employment of 61,600 jobs.
“Full-time trend employment has now increased by around 308,000 jobs since November 2016, and makes up the majority of the 371,000 net increase in employment over the period,” the Chief Economist for the ABS, Bruce Hockman said.
Snapshot (Seasonally Adjusted)
- 61,600 new jobs created, 41,900 full-time and 19,700 part-time
- Unemployment rate remains steady at 5.4 per cent but underemployment falls to 8.3 per cent
- Monthly hours worked in all jobs increased by 9.8 million
- Australia has had 14 consecutive months of jobs growth
ABC News reported that while many extra jobs were added, unemployment did not fall due to the fact that the proportion of people in work or looking for work jumped to 65.5 per cent.
More important still is that two-thirds of those were full-time positions (41,900).
Further to the ABC report, Kate Hickie from Capital Economics summed up this year’s run of jobs data.
“It has been a stellar year for the labour market, which should provide some support to income growth,” she wrote.
The report also quoted CommSec’s senior economist Ryan Felsman who said there is a jobs “record in sight”.
“More Aussies are looking for work. More people are finding work. More employers are hiring workers and seeking employees,” Mr Felsman said.
BUSY At Work’s Managing Director, Paul Miles said he was pleased to see that full-time employment was continuing to increase.
“BUSY are strong advocates for apprenticeships and traineeships which provide the security of full-time employment. Getting a trade can provide long-term sustainable careers and help set people up for life.
“It’s very gratifying to see our former apprentices or trainees setting up their own businesses and now hiring their own apprentices and trainees.
“These businesses are the backbone of the Australian economy and will continue to provide future employment for our youth,” Mr Miles said.
BUSY At Work is an Australian Apprenticeship Network Provider offering free recruitment services for employers and career advice to job seekers.
BUSY has over 40 offices throughout Queensland, Western Australia, Victoria and New South Wales.
Both Federal and State Governments provide a range of incentives to assist businesses to employ more apprentices and trainees.
For further information about apprenticeships or traineeships call 13 BUSY (13 28 79) or visit www.busyatwork.com.au
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MEDIA CONTACT:
Leanne Macnamara, Public Relations Coordinator
0438 173 960 | leanne.macnamara@busyatwork.com.au
Source:
ABS
ABC
More details are in the November 2017 issue of Labour Force, Australia (cat. no. 6202.0). In addition, further information, including regional labour market information, can be found in the upcoming November 2017 issue of Labour Force, Australia, Detailed – Electronic Delivery (cat. no. 6291.0.55.001), due for release on 21 December 2017. Labour Force, Australia, Detailed, Quarterly (cat. no. 6291.0.55.003), which includes employment by industry, is also due for release on 21 December.
These publications are available for free download (after release) from the ABS website: http://www.abs.gov.au.
