Labour force figures released today by the ABS show that employment hit a record high in April.
This month’s jobs figures exceeded median market expectations, with seasonally adjusted employment increasing by 25 400 in April to stand at a record level of 10 712 900.
Importantly, full-time employment rose strongly, by 19 000 over the month, and now stands at its highest level on record of 7 658 000. Part-time employment also increased over the month, up by 6 300 to stand at a record high of 3 054 900.
Significantly, 302 400 jobs have now been created over the past year, almost two thirds of which have been full-time positions.
While the seasonally adjusted unemployment rate rose by 0.1 percentage points over the month, to 4.2 per cent, this occurred in conjunction with an increase in the labour force participation rate, which rose to a record high of 65.4 per cent in April.
The Rudd Government welcomes the fact that more Australians are now in work than ever before but is also cognisant of the fact that the skills crisis is putting upward pressure on inflation and interest rates.
That’s why the Rudd Government is committed to delivering 450 000 new training places over the next four years, with the first 20 000 places already available under the Productivity Places Program.
The roll-out of this program marks the first step in adequately equipping the job seekers of today with the necessary training and skills they require to fill the jobs of tomorrow.