Labour force figures released today by the ABS show that seasonally adjusted employment increased by 4,900 in March 2018, to stand at 12,484,100.
Seasonally adjusted employment has now increased by 367,000 (or 3.0 per cent) over the last year. Full-time employment stands at 8,514,100 – or 2.7 per cent higher than it was 12 months ago. Part-time employment rose by 24,800 over the month, to stand at 3,970,000, and is 140,200 (or 3.7 per cent) higher than a year ago.
The economy has created more than 1,000 jobs a day over the last year.
The seasonally adjusted unemployment rate was steady in March 2018, at 5.5 per cent, and is 0.3 percentage points lower than it was in March 2017.
Youth unemployment fell. It stands at 12.5 per cent in March 2018 and is 0.7 percentage points lower than it was a year earlier.
Minister for Jobs and Innovation, Senator the Hon Michaelia Cash, welcomed today’s continued increase in employment reflecting the Government’s strong economic policies.
"The Government has put in place the right policy settings which continue to pay dividends, with our economy creating, on average, around 1,000 net new jobs per day over the last 12 months,” Minister Cash said.
"Since the Government came to office in September 2013, we have created a total of 996,800 jobs — an increase of 8.7 per cent.
"The Government is acutely aware that there are still more than 730,000 Australians who remain unemployed, and that’s why this Government is committed to creating the right market conditions to give local businesses the opportunity to create more and better paying jobs."
The Coalition Government has:
- delivered personal and small and medium business tax cuts
- delivered more trade deals, meaning more exports generating more jobs
- delivered record infrastructure and defence industry investment
- stopped Labor’s wasteful spending.
The Turnbull Government will continue in its commitment to creating the right economic conditions for businesses to thrive, leading to more and better paying jobs for Australians.