The latest
Labor Force Australia: Headline estimates of employment, unemployment, underemployment, participation and hours worked from the monthly Labour Force Survey was
released on Thursday, 18 May 2023.
This
survey reveals that:
In
seasonally adjusted terms, in April 2023:
So to recap:
Seasonally adjusted a total of 13.8 million workers remain in employment across Australia, with est. 4.8 million working less than 35 hours a week and 4.1 million classified as part-time employees.
While the national monthly seasonally adjusted unemployment figure stood at 528,000 persons and the unemployment rate at 3.7%. The gender breakdown for that number was 301,900 males (unemployment rate 4.0%) and 226,100 females (unemployment rate 3.3%).
In NSW the monthly seasonally adjusted unemployment figure was 151,500 persons, being 85,200 males (unemployment rate 3.6%) and 66,300 females (unemployment rate 3.1%).
REGIONAL
ESTIMATES COVERING THE NORTHERN RIVERS REGION IN APRIL 2023:
Coffs Harbour-Grafton
Employed
Full-Time — 40,100 persons
Employed
Part-Time — 28,100 persons
Unemployed
Total — 2,800 persons
Not
in the Labour Force — 55,100 persons
Unemployment rate for 15-64 years of age — 4%
Youth Unemployment Rate 15-24 years — 6.3%.
Richmond-Tweed
Employed
Full-Time — 79,800 persons
Employed
Part-Time — 50,400 persons
Unemployed
Total — 3,600 persons
Not
in the Labour Force — 86,500 persons
Unemployment Rate for 15-64 years of age — 2.7%
Youth Unemployment Rate 15-24 years — 5.4%.
NOTE: NSW regional estimates for all SA4 employment areas in April 2023 can be found at:
Australian
Bureau of Statistics (ABS),
media release, 18 May 2023:
The
seasonally adjusted unemployment rate rose by 0.1 percentage point
(rounded) to 3.7 per cent in April, according to data released today
by the Australian Bureau of Statistics (ABS).
Bjorn
Jarvis, ABS head of labour statistics, said: "with employment
dropping by around 4,000 people and the number of unemployed
increasing by 18,000 people, the unemployment rate rose to 3.7 per
cent.”
“The
small fall in employment followed an average monthly increase of
around 39,000 people during the first quarter of this year.”
Similarly,
the employment-to-population ratio fell 0.2 percentage points to 64.2
per cent and the participation rate decreased 0.1 percentage point to
66.7 per cent.
“Even
with these falls, both indicators were still well above pre-COVID-19
pandemic levels and close to their historical highs in 2022,” Mr
Jarvis said.
Hours
worked
Seasonally
adjusted monthly hours worked increased by 2.6 per cent in April.
“This
was because fewer people than usual worked reduced hours over the
Easter period,” Mr Jarvis said.
“The
last time Easter and the survey period aligned like this was in 2015,
when around 60 per cent of employed people worked fewer hours than
usual. This Easter it was only around 55 per cent of employed people.
“This
may reflect more people taking their leave earlier or later than
usual, or that some people were unable to, given the high number of
vacancies that we’re still seeing employers reporting….
Underemployment
and underutilisation
The
underemployment rate fell 0.1 percentage point to 6.1 per cent
(seasonally adjusted), following a 0.4 percentage point increase in
March.
"The
underemployment rate is still low in historic terms, around 2.6
percentage points lower than before the pandemic, and underpinned by
faster growth in hours worked than employment," Mr Jarvis said.
The
underutilisation rate, which combines the unemployment and
underemployment rates, rose slightly to 9.8 per cent, and remained
4.2 percentage points lower than in March 2020.
NOTE:
The
April survey reference period was from 2 April to 15 April 2023.
The
May survey reference period is from 30 April to 13 May 2023.