Australia: A very positive June month for labour force - Westpac

Lloyd Doyle
July 21, 2018

"Not only was employment growth strong, up 50,900 people, but over 80 per cent of that rise was due to full-time roles", stated Callum Pickering, Economist for Asia Pacific at Indeed.

Work hours rose despite the hours worked per person remained similar to previous months, with June recording a 0.6% increase with an additional 10.7mn hours.

"It has been 30 years since we have seen jobs figures for young people as good as what we have seen in this last financial year, and I reckon that would be something for [US pop star] Taylor Swift to sing about".

"This is why we will continue to work hard to get more people in WA working".

More details are in the June 2018 issue of Labour Force, Australia ( 6202.0).

WA's jobs market is showing clear signs of improvement with unemployment falling to its lowest level this year.

The Federal Opposition argues the government is ignoring under-employment in Australia's jobs market.

The unemployment rate in Australia came in at a seasonally adjusted 5.4 percent in June, the Australian Bureau of Statistics said on Thursday.

Up to 80 per cent of roles created were full time, a sharp contrast from last month's result which saw part-time employment as the major job driver.

A Commonwealth Bank spending report to be released today suggests that an increase in employment is feeding through to the hard-hit retail sector, with spending across WA up by 0.5 per cent in June.

Other reports by Iphone Fresh

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