Blokes lead the way as WA jobless rate tumbles

  • Blokes lead the way as WA jobless rate tumbles

Blokes lead the way as WA jobless rate tumbles

Australia's jobless rate has edged up to 5.6 per cent despite another 22,600 jobs being added in April.

Economists were expecting employment change (job additions) of 20K vs downwardly revised -0.7K in March.

According to the bank's April figures, the employment index at + 13 was, on a trend basis, at its highest level since the polling began in March 1997.

In line with the increasing participation rate, employment increased by around 14,000 with part-time employment increasing by 8,000 persons and full-time employment by 6,000 persons in April 2018.

Over the past year, trend employment increased by 355,000 persons or 2.9 per cent, which was above the average year-on-year growth over the past 20 years (2.0 per cent).

"The unemployment rate has continued to be relatively constrained over the past year, and is still hovering around 5.5 to 5.7 per cent", Mr Hockman said.

Blokes lead the way as WA jobless rate tumbles

Strong population growth and an abundance of jobs has seen Australians flock to or remain longer in the labour market, seeing labour force participation - measuring those either already employed or who are actively looking for work - rise to 65.6%, just shy of the highest level on record.

In seasonally adjusted terms 32,700 new full-time jobs were created over the month, more than offsetting the loss of 10,000 part-time positions.

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

The jobless rate is at its highest level since July a year ago.

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