Powered by momentummedia
nestegg logo
Powered by momentummedia
nestegg logo
nestegg logo

 

 

Retirement

How the jobs market is faring so far in 2019

  • June 13 2019
  • Share

Retirement

How the jobs market is faring so far in 2019

By Cameron Micallef
June 13 2019

Australians are working more hours and are in more jobs, according to the latest results released by the Australian Bureau of Statistics.

ABS

How the jobs market is faring so far in 2019

author image
  • June 13 2019
  • Share

Australians are working more hours and are in more jobs, according to the latest results released by the Australian Bureau of Statistics.

ABS

The number of hours Australians worked for the March quarter increased by 43.1 million hours to 5.4 billion hours worked as a country.

This led to the labour bill increasing by $3,113 million, resulting in the average labour income per employed person rising to $18,998.

Filled jobs in the Australian economy increased slightly, resulting in 14.2 million people in the workforce after seasonal adjustment. This is a 31,500 increase in jobs nationally.

The job increase came from 69,600 new main jobs being filled, while secondary jobs decreased by 38,200.

Advertisement
Advertisement

Bruce Hockman, chief economist at the ABS, believes the job market is slowing, which is a reflection of the economy at large.

“This slowing growth in jobs echoes the weaker growth in employment that we have been observing since September 2018,” Mr Hockman said.

“The change in filled jobs partly reflected a drop in secondary jobs for the first time in over a year, down by 3.8 per cent in the quarter,” said Mr Hockman. “In contrast, jobs worked as a main job increased in the quarter, up by 0.5 per cent.”

“Overall, growth in filled jobs has been generally trending down since the recent high in mid-2017, when the quarterly growth was around 1 per cent,” Mr Hockman said.

This email address is being protected from spambots. You need JavaScript enabled to view it.

How the jobs market is faring so far in 2019
ABS
nestegg logo

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates
Rate the article

About the author

author image

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

more on this topic

more on this topic

From the web

Recommended by Spike Native Network

More articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.