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Australia Job Market Status

 
NOVEMBER KEY FIGURES
 
Oct 2009
Nov 2009
Oct 09 to Nov 09
Nov 08 to Nov 09

Trend
Employed persons ('000)
10 827.1
10 844.4
17.3
0.4
%
Unemployed persons ('000)
661.8
659.4
-2.4
28.9
%
Unemployment rate (%)
5.8
5.7
0.0
pts
1.2
pts
Participation rate (%)
65.2
65.2
0.0
pts
-0.1
pts
Seasonally Adjusted
Employed persons ('000)
10 837.0
10 868.2
31.2
0.6
%
Unemployed persons ('000)
666.3
653.1
-13.3
27.2
%
Unemployment rate (%)
5.8
5.7
-0.1
pts
1.1
pts
Participation rate (%)
65.3
65.2
0.0
pts
-0.1
pts

NOVEMBER KEY POINTS for Australia Jobs

TREND ESTIMATES (MONTHLY CHANGE)

  • Employment increased to 10,844,400
  • Unemployment decreased to 659,400
  • Unemployment rate decreased to 5.7%
  • Participation rate remained at 65.2%
  • Aggregate monthly hours worked increased to 1,528.3 million hours


SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)

  • Employment increased 31,200 (0.3%) to 10,868,200. Full-time employment increased 30,800 to 7,627,400 and part-time employment increased slightly, up 300, to 3,240,700.
  • Unemployment decreased 13,300 to 653,100. The number of persons looking for full-time work decreased 11,100 to 486,400 and the number of persons looking for part-time work decreased 2,100 to 166,700.
  • Unemployment rate decreased 0.1 pt to 5.7%. The male unemployment rate decreased 0.1 pt to 5.8% and the female unemployment rate decreased 0.1 pt to 5.5%.
  • Participation rate decreased slightly to 65.2%.
  • Aggregate monthly hours worked increased 13.4 million hours (0.9%) to 1,536.3 million hours.


LABOUR UNDERUTILISATION (QUARTERLY CHANGE)

  • Trend estimates: Labour Force underutilisation rate constant at 13.6%
  • Seasonally adjusted estimates: Labour Force underutilisation rate decreased 0.1 pt to 13.5%. The male labour force underutilisation rate decreased 0.1 pt to 11.9% and the female labour force underutilisation rate decreased 0.3 pts to 15.3%.

REVISION TO POPULATION BENCHMARKS

The ABS will revise Labour Force Survey population benchmarks from November 2007 in mid 2010. The revisions will impact on level estimates, such as the number of persons employed and unemployed, but will have negligible impact on movement estimates or estimates of rates, such as the unemployment rate. Further information is available in October 2009 issue of Labour Force, Australia (cat. no. 6202.0).


SAMPLING ERROR

The estimates in this publication are based on a sample survey. Therefore, published estimates and the movements derived from them are subject to sampling variability. Standard errors give a measure of this variability, see pages 33 and 34. The interval bounded by two standard errors is the 95% confidence interval, which provides a way of looking at the variability inherent in estimates. This represents a 95% chance that the true value of the estimate lies within that interval.
 

Movements in seasonally adjusted series between October 2009 and November 2009

Monthly change
95% Confidence interval

Total Employment
31 200
-23 400
to
85 800
Total Unemployment
-13 300
-45 300
to
18 700
Unemployment rate
-0.1 pts
-0.3 pts
to
0.1 pts
Participation rate
0.0 pts
-0.4 pts
to
0.4 pts

source: Australia bureau of Statistics
abs.gov.au

 

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