Blokes lead the way as WA jobless rate tumbles

Lloyd Doyle
Мая 17, 2018

"The labour force participation rate was the highest it has been since the series began in 1978, indicating increasing attachment to the labour force", the Chief Economist for the ABS, Bruce Hockman, said.

"The improvement in the employment index was particularly welcome in the light of the ABS reporting a slowdown in jobs growth in recent months". There was also a lift in the participation rate which measures the number of people in work or looking for employment.

"It's actually well over 300,000 people entering employment, and more than 300,000 leaving employment in any given month".

Monthly hours worked in all jobs increased 19.4 million hours (1.11%) to 1,764.0 million hours.

Employment conditions across Australia reached a record high last month in National Australia Bank's (NAB's) monthly business survey, amid overall above-average confidence among firms.

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Nationally, the jobless rate was steady at 5.6 per cent despite some positive signs in the jobs market.

In trend terms, unemployment was flat while 14,000 new jobs were added.

The seasonally adjusted number of persons employed increased by nearly 23,000 persons in April 2018.

Forecasts centred on a rise of 20,000 in employment, with the unemployment rate at 5.5 per cent, a Reuters poll showed.

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