Australia's Unemployment Rate dips to 5.0%, but Aussie Employment Change misses hopes

Lloyd Doyle
October 21, 2018

Retail trade saw the strongest job gains in September with lots of increased employment and nearly 100,000 total jobs have been added across the state in the past year.

"The trend unemployment rate of 5.2 % is the lowest it has been since mid-2012".

The underutilisation rate - unemployment and underemployment combined, and a key forward indicator of wages pressure - decreased to 13.5 per cent.

The state's official unemployment rate for September was a seasonally-adjusted 5.5 per cent, down from 5.7 per cent in August.

The Employment Security Department released the preliminary job estimates from the federal Bureau of Labor Statistics as part of its Monthly Employment Report.

Employment rose a modest 5.6k in September, after the 44.0k jump in August. The state's overall labor force participation - those working and those looking for work - fell by about 6,625 people. September's job loss totaled 1,400.

Trade, transportation and utilities led all sectors in September with a gain of 1,200 jobs, followed by government (up 1,100 jobs), financial activities (up 900 jobs), construction (up 300 jobs), and information and professional and business services (each up 200 jobs).

The number of jobs created rose by 5,600 over the month, with growth in full-time employment (20,300) outweighing a decline in part-time work (-14,700).

From September 2017 through September 2018, all thirteen industry sectors added jobs. "This summer we saw large job gains, particularly in leisure and hospitality".

Employment Security is a partner in the statewide WorkSource system, which offers a variety of employment and training services for job seekers, including free help with resumes, interviewing and skills training.

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