South Australian unemployment: Jobless rate falls to 5.5%

Marco Green
October 21, 2018

The number of unemployed fell at a higher rate than the number of those with jobs fell.

Figures from the Australian Bureau of Statistics showed a trend unemployment rate at 5.2%, a six-year low (the August rate was revised down to 5.2%, so the September rate was unchanged).

Over the past year, trend employment increased 2.4 % which was above the average year-on-year growth over the past 20 years.

Australia's monthly jobs data is prone to volatility as samples rotate, while the RBA tends to look at longer-term trends to gauge the labor market's health.

On a seasonally adjusted basis, the unemployment rate fell to 5.0% in September, a seven-year low. "But our message on whether that will trigger much faster wage growth is "don't hold your breath", said Paul Dales, chief economist for Australia at Capital Economics.

The underutilisation rate - unemployment and underemployment combined, and a key forward indicator of wages pressure - decreased to 13.5 per cent.

The Seattle Times reports the rate has been at or below 5 percent for 23 consecutive months, hitting 4.5 percent in August and dropping to 4.4 in September.

From September 2017 through September 2018, the state's labor force grew by 19,300 and the Seattle/Bellevue/Everett region increased by 22,600. Other sectors adding jobs were government up 600, other services up 500, information up 300 and transportation, warehousing & utilities up 100.

In September, employment increases were recorded in five out of nine major private industry sectors.

Leisure & hospitality experienced the biggest reduction in September losing 2,500 jobs while construction lost 1,400 jobs and wholesale trade lost 300 jobs. WorkSource also helps employers advertise jobs, convene hiring events and connect with subsidized employee training.

Other reports by Click Lancashire

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