Australian employment growth is slowing

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Thursday, Apr 19 2018

Australian employment growth is slowing

Australian employment growth is slowing sharply in early 2018. According to the Australian Bureau of Statistics (ABS), employment rose by 4,900 in seasonally adjusted terms, missing expectations for an increase of 20,000. Full-time employment fell by 19,900 to 8.51 million, masked by an increase in part-time employment which rose by 24,800 to 3.9 million. Combined, total employment now stands at 12.484 million.

By state and territory, the ABS said employment rose by 26,400 in Victoria, offsetting declines of 6,500, 6,100 and 1,600 in New South Wales, South Australia and Western Australia. Mirroring the small increase in employment, total hours worked increased by 4.5 million hours to 1.74 million hours. This followed an increase of 22 million hours in February. On top of the underwhelming March employment result, February’s figure, originally reported as a gain of 17,750, was revised down to show a decline of 6,300.

More in this category: « UK CPI down to 2.5% German producer prices in March 2018: +1.9% on March 2017 »

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