ABS Labour force figures for August show employment has increased for the eleventh consecutive month, demonstrating the underlying strength in the labour market and highlighting the success of the Turnbull Government’s comprehensive economic plan.
Since the Coalition Government came to office in September 2013, 804,900 jobs have been created.
Total seasonally adjusted employment rose by 54,200 in August, to a record high of 12,269,000.
Over the past 12 months, the economy generated 325,600 jobs. This represents four times the rate of jobs growth compared with Labor’s last year in office. The 2.7 per cent rate of jobs growth over the year is well above the decade average rate of 1.6 per cent.
Under the Turnbull Government full-time employment rose by 40,100 in August, and has increased by 251,200 (or 3.1 per cent) over the year to stand at a record high of 8,392,300.
The August figures show that the female participation rate has grown by 0.4 percentage points to reach 60 per cent for the first time in Australia’s history.
Today’s figures also show:
- The participation rate continued to grow, up 0.2 percentage points in August to 65.3 per cent – the highest rate recorded since September 2012;
- The level of employment has increased by 268,300 over the eight months to August 2017, the largest increase over the first eight months of a calendar year on record.
- Record levels of employment for both males and females;
- The level of female total employment has increased by 146,800 – this represents the largest increase in the first eight months of a calendar year on record.
- The level of male total employment increased by 121,600 over the eight months to August 2017 – this represents the largest increase recorded over the first eight months of a calendar year since 2005.
- The underemployment rate fell from 8.8 per cent in May 2017, to 8.6 per cent in August 2017.