Labour Force March 2017

Labour force estimates released by the Australian Bureau of Statistics today indicate that South Australia’s trend employment rose by 862 persons (0.1 per cent) in March 2017, while the number of unemployed people rose by 535 persons (0.9 per cent). Despite the relatively larger increase in unemployed persons, the trend unemployment rate remained steady at 6.7 per cent in March.

Recent labour market movements for South Australia were well synchronised with national patterns, with national trend employment increasing by 0.1 per cent while unemployed persons rose by 0.8 per cent.

Seasonally adjusted data paints a less flattering picture of labour market outcomes for South Australia in March, with the unemployment rate increasing by 0.4 percentage points to 7.0 per cent. However, seasonally adjusted data are quite volatile, particularly over the short term, and should not be relied upon as being indicative of underlying trends.

Regardless or whichever data series is used, South Australian continued to have the highest unemployment rate of all States in March. The national unemployment rate was 5.9 per cent, upĀ 0.1 percentage points from the previous month.



This entry was posted in Anthony Kosturjak and tagged , . Bookmark the permalink.

Comments are closed.