Earn
September employment snapshot
Australia’s unemployment rate has marginally improved over the month of September, as advertised job rates also stabilise, according to the latest figures.
September employment snapshot
Australia’s unemployment rate has marginally improved over the month of September, as advertised job rates also stabilise, according to the latest figures.
The latest national figures show that the seasonally adjusted unemployment rate is 5.2 per cent for September 2019, an improvement of 0.1 per cent on the previous month’s figures.
Australia’s unemployment rate also remained steady, sitting at 5.3 per cent.
Weighing in on the statistics, ABS’ chief economist Bruce Hockman said "all of Australia's key trend measures remained steady in September 2019, with the unemployment rate at 5.3 per cent and the participation rate at 66.2 per cent”.
Employment and hours
In September 2019, employment overall increased by around 20,200 people, with full-time employment increasing by around 9,000 people.
It continues a trend from the past 12 months, where employment has increased by around 300,000 people, sitting above the annual average growth for the past 20 years.
Underemployment and underutilisation
The monthly underemployment rate remained steady at 8.4 per cent in September 2019, which was an increase of 0.1 percentage points over the past year. The trend monthly underutilisation rate remained steady at 13.7 per cent, an increase of 0.2 percentage points over the past year.
Advertised roles
The release of a Seek employment report coincides with the ABS’ figures release, and portrayed an advertised jobs decline of 7.4 per cent year on year to September 2019.
According to Seek Australia and New Zealand’s managing director Kendra Banks, such a stat indicates a “slight improvement in the market with the rate of job ad decline moderating”.
For September, the decline sat at -7.4 per cent compared to August, which was -8.6 per cent.
Community Services and Development (18.5 per cent) did lead as the sector with the highest job ad growth for September, 2019 (v Sept 2018), followed by Farming, Animals and Conservation (13.4 per cent), Education and Training (7.8 per cent) and Healthcare and Medical (7.4 per cent).
RELATED ARTICLES
About the author
About the author
Salary
The financial benefits of a diversified income stream
In today’s volatile economic environment, relying solely on a single source of income can be risky. Diversifying your income streams can provide financial stability, reduce the risk of financial ...Read more
Salary
Despite losing top spot, Elon Musk rakes in $400,000 hourly
Elon Musk, the entrepreneur known for his involvement in a wide range of innovative and technological businesses, has recently been dethroned as the wealthiest individual in the world, with Bernard ...Read more
Salary
Rising unemployment and skill shortages prompt Australian businesses to look globally for talent
Australia has witnessed its unemployment rate surging above 4% for the first time in two years, revealed by the latest Labour Force data. Read more
Salary
New findings link job mobility hurdles to stagnant wage growth
Recent research from the e61 Institute has unearthed significant links between slow wage growth in Australia and obstacles to job mobility, including non-compete clauses, complicated occupational ...Read more
Salary
Employers scrambling to prevent workplace brain drain
As workplace managers face a swiftly evolving employment market that’s increasingly favouring the demands of white-collar employees and jobseekers, bosses are falling under mounting pressure to ...Read more
Salary
Unions back Albanese’s pledge to close gender pay gap
An electoral promise from Labor to make gender pay equity an objective of the Fair Work Act has been hailed as a “watershed moment” from industry peak bodies who have traditionally advocated for ...Read more
Salary
Coles asked to disprove $115m in alleged wage theft
One of Australia’s biggest supermarkets faces allegations that it underpaid more than 7,500 employees a total of $115 million. Read more
Salary
Gen Z left behind in progress to gender equality
Women under 25 may emerge from the pandemic in a worse financial position than when it began, new research has shown. Read more
Salary
The financial benefits of a diversified income stream
In today’s volatile economic environment, relying solely on a single source of income can be risky. Diversifying your income streams can provide financial stability, reduce the risk of financial ...Read more
Salary
Despite losing top spot, Elon Musk rakes in $400,000 hourly
Elon Musk, the entrepreneur known for his involvement in a wide range of innovative and technological businesses, has recently been dethroned as the wealthiest individual in the world, with Bernard ...Read more
Salary
Rising unemployment and skill shortages prompt Australian businesses to look globally for talent
Australia has witnessed its unemployment rate surging above 4% for the first time in two years, revealed by the latest Labour Force data. Read more
Salary
New findings link job mobility hurdles to stagnant wage growth
Recent research from the e61 Institute has unearthed significant links between slow wage growth in Australia and obstacles to job mobility, including non-compete clauses, complicated occupational ...Read more
Salary
Employers scrambling to prevent workplace brain drain
As workplace managers face a swiftly evolving employment market that’s increasingly favouring the demands of white-collar employees and jobseekers, bosses are falling under mounting pressure to ...Read more
Salary
Unions back Albanese’s pledge to close gender pay gap
An electoral promise from Labor to make gender pay equity an objective of the Fair Work Act has been hailed as a “watershed moment” from industry peak bodies who have traditionally advocated for ...Read more
Salary
Coles asked to disprove $115m in alleged wage theft
One of Australia’s biggest supermarkets faces allegations that it underpaid more than 7,500 employees a total of $115 million. Read more
Salary
Gen Z left behind in progress to gender equality
Women under 25 may emerge from the pandemic in a worse financial position than when it began, new research has shown. Read more
