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Category: Economic Trends / Unemployment

Unemployment rises to 5.8pc despite third month of full-time job gains

Thursday, 19 Jan 2017 08:41:41 | Michael Janda

The jobless rate rose despite a slightly better than expected increase in employment. (Rose Grant)

Unemployment has risen to 5.8 per cent, despite the creation of 13,500 jobs last month, due to an increase in people looking for work.

The Bureau of Statistics data show 9,300 full-time jobs were added, while 4,200 part-time positions were added.

The bureau's head of macroeconomic statistics, Bruce Hockman, said the rise in full-time jobs for a third straight month bucks a longer-term trend towards part-time work.

"Over the past year we have seen a shift towards part-time employment, particularly in the first half of 2016," he observed in the report.

"There are now around 120,900 more people working part-time than there were a year ago, and around 35,300 fewer people working full-time.

"Since December 2015, the share of part-time employment increased from 31.1 per cent to 31.9 per cent."

However, unemployment rose from 5.7 to 5.8 per cent due to a 0.1 percentage point rise in participation - the proportion of the adult population in work or looking for it - to 64.7 per cent.

More to come.

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