{"id":4764,"date":"2017-05-19T15:08:35","date_gmt":"2017-05-19T05:08:35","guid":{"rendered":"https:\/\/roubler.com\/nz\/?p=4764"},"modified":"2023-12-10T13:18:22","modified_gmt":"2023-12-10T02:18:22","slug":"april-employment-figures","status":"publish","type":"post","link":"https:\/\/roubler.com\/nz\/resources\/blog\/april-employment-figures\/","title":{"rendered":"Labour Market Sees Part-Time Revival"},"content":{"rendered":"

The monthly employment statistics for Australia, released yesterday by the ABS<\/a>, showed signs of promise for the workforce with a welcome growth in the numbers.<\/p>\n

Job Growth<\/h3>\n

April surpassed expert predictions and saw 37,400 extra jobs filled throughout Australia, dropping the unemployment rate to 5.7%. This marks the seventh straight month in which the country has added jobs. Should this trend continue, the country could potentially come close to the 5% unemployment rate by the end of the year \u2013 a figure that many economists term \u201cfull employment\u201d.<\/p>\n

South Australia was the state with the highest unemployment of the month, with a figure of 7.3%, and New South Wales the lowest with 4.7% \u2013 a four-and-a-half year low. Victoria sat at 6.1%, Queensland at 6.3%, and both Western Australia and Tasmania at 5.9%. All states except South Australia experienced a desired drop in unemployment.<\/p>\n

The overall participation rate \u2013 a figure that reflects to the number of people either employed or actively seeking\u00a0employment \u2013 remained stable at 64.8%.<\/p>\n

HSBC Australia chief economist Paul Bloxham told the Herald Sun that the report indicates that the jobs market is \u201cshowing signs of life\u201d after a disappointing year and a half.<\/p>\n

\"employment

Source: ABS<\/p><\/div>\n

Rise of Part-Time<\/h3>\n

However, the number of monthly hours dropped by 4.3 million hours nationally, highlighting the rise of the part-time position. Full-time positions decreased by 11,600 whereas part-time employment saw a growth of 49,000. The past year has seen only 80,700 full time roles created, versus 111,3000 part-time positions. This means that approximately two thirds of the job increase since last April have been part-time work.<\/p>\n

“April’s entire job gains were part-time. Full-time employment losses meant that employers effectively downgraded some positions, which was reflected in a 0.3 per cent decline in hours worked,” Citi economists told SBS.<\/p>\n

This raises concerns that many Australians<\/a> are not getting the hours they were hoping for.<\/p>\n

Opposition employment spokesman Brendan O’Connor criticised the government for backing cuts to penalty rates and swelling taxes during a period of low wages growth.<\/p>\n

“It is good for people to be employed but to have a job that might be two hours a week is not necessarily sufficient,” he said to reporters in Brisbane.<\/p>\n

“There’s no point in saying that people are in the labour market if you have in excess of one million people saying we can’t find enough work.”<\/p>\n

Australian Chamber of Commerce and Industry chief James Pearson told AAP the figures indicated that employers are keen to hire.<\/p>\n

“Rising part-time employment is a natural feature of an economy undergoing structural change and as the Reserve Bank noted this month, part-time work is chosen by many people juggling responsibilities,” he said.<\/p>\n

\u201cIt makes the story a bit less positive, but it\u2019s still a strong report,\u201d Bank of Melbourne senior economist Janu Chan told\u00a0Business Daily.<\/p>\n","protected":false},"excerpt":{"rendered":"

The monthly employment statistics for Australia, released yesterday by the ABS, showed signs of promise for the workforce …<\/p>\n","protected":false},"author":13,"featured_media":4768,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[66],"tags":[552,533,5,6,9,11,134,554,538,553,541,39,540],"class_list":["post-4764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hr-headlines","tag-australian-bureau-of-statistics","tag-australian-workers","tag-casual-workforce","tag-employee-engagement","tag-employee-motivation","tag-employee-retention","tag-employment","tag-full-time-employment","tag-jobs","tag-part-time-work","tag-pay","tag-roubler","tag-workforce-management"],"yoast_head":"\nEmployment Figures See Part-Time Revival in April 2017 Figures<\/title>\n<meta name=\"description\" content=\"The monthly employment statistics for Australia show 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