Unemployment rate in South Australia hits 15-year high; crisis building for some time, Business SA says
9 years, 8 months ago

Unemployment rate in South Australia hits 15-year high; crisis building for some time, Business SA says

ABC  

South Australia now clearly stands out as the worst state for unemployment, recording its highest jobless rate in 15 years. South Australian Premier Jay Weatherill said the state's growing unemployment rate was "deeply disturbing". Mr Weatherill said South Australia would have to "run just to stay still" on employment in coming years. Figure could reach double digits: Business SA Mr McBride said he believed unless there was urgent intervention to stop the trend, South Australia's jobless rate could hit double digits. "Jay Weatherill has no plan to fix the jobs crisis here in South Australia," Mr Pisoni said.

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History of this topic

Australia's unemployment rate falls to 3.9pc in November, its lowest level since March
3 months, 2 weeks ago

Australia's unemployment rate falls to 3.9pc in November, its lowest level since March

ABC  

Australia's unemployment rate fell to 3.9 per cent in November, down from 4.1 per cent in October. "The only downside to Australia's remarkably strong job market is that any hope of a near-term interest rate cut is over," said Callam Pickering, APAC economist at global job site Indeed. "Today's blockbuster November employment report seemingly pushes back — yet again — …

Economists warn unemployment rate could rise above 5 per cent, with hundreds of applications for individual jobs
8 months ago

Economists warn unemployment rate could rise above 5 per cent, with hundreds of applications for individual jobs

ABC  

While the jobless rate has been slowly creeping higher, alarm bells are ringing about the potential for a big surge in unemployment. Dr Chapman warned there was a risk Australia's unemployment rate could peak above 5 per cent, which is well above current forecasts, by the end of next year. Jobless rate acceleration a matter of time The obvious question …

Unemployment edges up despite more than 50,000 extra jobs amid population and participation growth
8 months, 1 week ago

Unemployment edges up despite more than 50,000 extra jobs amid population and participation growth

ABC  

Australia's unemployment rate has continued to edge higher, despite the creation of about 50,000, mostly full-time, jobs. "The participation rate in June was only 0.1 percentage point lower than the historical high of 67.0 per cent in November 2023," he noted. "This, along with the continued high level of job vacancies, suggests the labour market remains relatively tight, despite the …

Australia's unemployment rate declines to 4 per cent in May, presenting a 'goldilocks' scenario for Reserve Bank
9 months, 2 weeks ago

Australia's unemployment rate declines to 4 per cent in May, presenting a 'goldilocks' scenario for Reserve Bank

ABC  

Australia's headline unemployment rate was 4 per cent in May, down 0.1 percentage points from April. However, ABS data show the "trend" unemployment rate — which looks through the more volatile seasonally adjusted monthly figure — picked up slightly in May, from 3.9 per cent to 4 per cent. "At 4 per cent, the unemployment rate is spot on the …

Australia's unemployment rate rises to 4.1 per cent in April
10 months, 1 week ago

Australia's unemployment rate rises to 4.1 per cent in April

ABC  

Australia's headline unemployment rate rose to 4.1 per cent in April, up 0.2 percentage points from March. "This suggests that the labour market remains tight, though less tight than late 2022 and early 2023," said Bjorn Jarvis, ABS head of labour statistics. "The bank will therefore be pleased that overall hours worked fell by 0.8 per cent year-on-year, the first …

What's the unemployment rate in your region? This data tells you
10 months, 3 weeks ago

What's the unemployment rate in your region? This data tells you

ABC  

Do you feel like the unemployment rate doesn't reflect the reality of where you're living? "This new data will provide regions across Australia with a much better indication of the state of their labour market and how it’s changing over time," he said. "Regional labour market information is some of the most sought-after information the ABS produces, so it's exciting …

The jobs market is strong for now, but unemployment will be the last indicator of recession
1 year, 9 months ago

The jobs market is strong for now, but unemployment will be the last indicator of recession

ABC  

The latest unemployment numbers had a lot of us scratching our heads — economists, journalists, financial traders, possibly even the statisticians themselves. After more than a year of interest rate rises at the fastest pace in recent history, all while Australians hold more debt than they ever have before, employers added close to 76,000 extra staff pushing unemployment back down …

Australia's economy recovered in 2022, will it crash in 2023?
2 years, 3 months ago

Australia's economy recovered in 2022, will it crash in 2023?

ABC  

Despite the odds, Australia largely withstood the global economic hurdles of 2022. "I think that's going to be the big story for next year, how much further for rates, how long do they hold and how quickly do we see the pricing dynamics and inflation ultimately being consistent with 2 to 3 per cent. "I think the unemployment rate's going …

Unemployment rises for the first time in 10 months despite continuing jobs boom
2 years, 6 months ago

Unemployment rises for the first time in 10 months despite continuing jobs boom

ABC  

Australia's unemployment rate has ticked up to 3.5 per cent in August, from 3.4 per cent the month before. Key points: The unemployment rate rises for the first time since October 2021 ABS data show 33,500 jobs were added in August but workforce participation also rose More than three-quarters of a million Australians worked reduced hours last month due to …

Long-term unemployment is falling rapidly, and it's changing lives
2 years, 7 months ago

Long-term unemployment is falling rapidly, and it's changing lives

ABC  

The labour market hasn't been this tight in decades. In October last year, when the national unemployment rate was still 5.2 per cent, there were 183,400 people in long-term unemployment. But the unemployment rate is now 3.4 per cent, a level last seen in the early 1970s, and the number of people in long-term unemployment has dropped by 55,500. Well, …

Unemployment may soon dip below 3 per cent and is set to stay below 5 per cent for years to come
2 years, 7 months ago

Unemployment may soon dip below 3 per cent and is set to stay below 5 per cent for years to come

ABC  

Unfathomably, Australia's unemployment rate has sunk to 3.5 per cent. In the years before COVID, typically 3 per cent of the workforce worked less than usual hours in any given week as a result of illness or injury. In the half century we have been collecting modern employment statistics, unemployment has shot up dramatically three times: in the mid-1970s, when …

An unemployment rate of 2.9 per cent? Some economists think it's possible. But then what happens?
2 years, 7 months ago

An unemployment rate of 2.9 per cent? Some economists think it's possible. But then what happens?

ABC  

The Reserve Bank is expected to lift interest rates again this week, following this month's increase. But bank economists say there's enough strength in the labour market to suggest that the unemployment rate could keep falling from here, even with the RBA lifting interest rates relatively quickly. And last week, economists from ANZ said the unemployment rate could fall further …

One unemployed person per vacant job: Has Australia finally hit full employment?
2 years, 8 months ago

One unemployed person per vacant job: Has Australia finally hit full employment?

ABC  

Australia's unemployment rate is 3.5 per cent, and it hasn't been this low since August 1974. But even accounting for those realities, he said full employment would see far more people in jobs than existed in the wasteful inter-war years, when 10 per cent of the workforce was frequently without work. But a few years later, after full employment had …

Unemployment plunges to 3.5 per cent, with nearly 90,000 jobs added in June
2 years, 8 months ago

Unemployment plunges to 3.5 per cent, with nearly 90,000 jobs added in June

ABC  

Australia's official unemployment rate has dropped to 3.5 per cent, with an estimated 88,400 jobs added to the economy last month. Key points: The unemployment rate has fallen from 3.9 to 3.5 per cent This is the lowest official jobless rate recorded since August 1974 Job vacancies remain high, with almost one available position for every officially unemployed person This …

Australia job openings at record high. These industries struggling to find staff
2 years, 8 months ago

Australia job openings at record high. These industries struggling to find staff

Live Mint  

Job vacancies in Australia surged to all-time highs in the May quarter as firms struggled to find staff amid a tightening labour market. There were 480,000 job vacancies in May 2022 in Australia, higher than more than 58,000 more than in February 2022, according to new seasonally adjusted figures from the Australian Bureau of Statistics. Bjorn Jarvis, head of Labour …

Australia’s unemployment rate drops to lowest since 1974
2 years, 10 months ago

Australia’s unemployment rate drops to lowest since 1974

Al Jazeera  

Australia’s unemployment rate has hit its lowest point in almost 50 years, giving a potential boost to Prime Minister Scott Morrison’s reelection prospects days out from a closely fought vote. The country’s jobless rate stood at 3.9 percent in April, the lowest since 1974, Australian Bureau of Statistics figures showed on Thursday. The strong employment figures are likely to heap …

Three dramatic sets of numbers that could define the South Australian election
3 years ago

Three dramatic sets of numbers that could define the South Australian election

ABC  

The countdown is on for Saturday's SA election and three significant new sets of figures could help decide whether Liberal Premier Steven Marshall is returned for a second term or whether Peter Malinauskas's Labor Party can seize an unexpected victory. "When we came to government, the unemployment rate was 6.8 per cent … we have created 43,000 jobs since coming …

The unemployment rate is falling quickly. This 'special formula' explains why
3 years, 1 month ago

The unemployment rate is falling quickly. This 'special formula' explains why

ABC  

Want to see the unemployment rate drop quickly? The "labour force framework" shows show how closed borders have impacted the unemployment rate, writes Gareth Hutchens. However, the unemployment rate will go down by much more when you boost employment by drawing on the pool of unemployed people. Notice how, when the pool of unemployed people shrinks to feed the growth …

Have closed borders pushed Australia’s unemployment rate down? This model shows they have
3 years, 1 month ago

Have closed borders pushed Australia’s unemployment rate down? This model shows they have

ABC  

Have our closed international borders helped to drive the unemployment rate down? We have to engage with the labour force framework Whenever we talk about the "unemployment rate", we must engage with the labour force framework that produces the number. Embedded in the concept of the "working-age population" and how it's linked to the "labour force" and how the labour …

Unemployment plunges as post-Delta economic recovery sees jobs boom
3 years, 2 months ago

Unemployment plunges as post-Delta economic recovery sees jobs boom

ABC  

A jobs boom after the Delta outbreak restrictions were lifted in Australia's south-east has seen unemployment plunge to just 4.2 per cent. Key points: Australia's unemployment rate is the lowest since August 2008 Underemployment fell sharply and hours worked rose 1 per cent The data from early December pre-dates the peak of Australia's Omicron outbreak The official ABS data show …

Why are millions of unemployed people excluded from our monthly 'unemployment' data?
3 years, 5 months ago

Why are millions of unemployed people excluded from our monthly 'unemployment' data?

ABC  

Do you scratch your head when you hear the government talking about the unemployment rate? Let's look at it again: to be considered officially unemployed, you must be available to start work in the same two weeks as the labour force survey is taking place. And that means you're shunted off into a different definitional category, called "not in the …

Hundreds of thousands of Australians are desperately looking for work — here are three of their stories
3 years, 6 months ago

Hundreds of thousands of Australians are desperately looking for work — here are three of their stories

ABC  

Searching for a job after redundancy can be soul-destroying, but it becomes crippling when you're presented with further hurdles to finding work — sometimes outside of your control. "Walking into an interview and knowing straight-up, from the look on people's faces, that I have no chance of getting that job," the 62-year-old says. A government spokesperson told us they expect …

Unemployment rate dropped early in lockdown as people gave up looking for work, data reveals
3 years, 7 months ago

Unemployment rate dropped early in lockdown as people gave up looking for work, data reveals

ABC  

Australia's official unemployment rate dropped early on in the latest round of lockdowns, as the number of people looking for work fell. Key points: Unemployment fell to 4.6 per cent last month, from 4.9 per cent in June The unemployment rate is the lowest it has been since December 2008 The ABS says a huge fall in labour force participation …

Australia's unemployment rate falls below 5 per cent for the first time in 10 years
3 years, 8 months ago

Australia's unemployment rate falls below 5 per cent for the first time in 10 years

ABC  

With the unemployment rate hitting its lowest level in a decade, you would expect the federal government to be celebrating loudly. Key points: Unemployment rate falls to 4.9 per cent, from 5.1 per cent It's the lowest unemployment rate in a decade The lockdowns in New South Wales will impact the jobs data in coming months But Prime Minister Scott …

We should thank the unemployed for their service. They've been used to control inflation
3 years, 8 months ago

We should thank the unemployed for their service. They've been used to control inflation

ABC  

I want to show you something. Well, if the unemployment rate starts declining, and their model's telling them it's very close to, or has fallen below, the presumed "natural" level, they'll lift interest rates to "take some heat out" of the economy. By preventing the unemployment rate from falling below its presumed "natural" level, they've been using hundreds of thousands …

Unemployment below pre-pandemic levels as jobs surge resumes. Will wages rise?
3 years, 9 months ago

Unemployment below pre-pandemic levels as jobs surge resumes. Will wages rise?

ABC  

From fears of mass unemployment to worries about labour shortages, Australia's jobs market has staged a dramatic turnaround since the COVID-19 pandemic hit our shores. Key points: Unemployment falls from 5.5 to 5.1 per cent An estimated 115,200 jobs were added, the vast majority full-time The underemployment rate also fell from 7.8 to 7.4 per cent, a seven-year low For …

Unemployment is back near pre-pandemic levels. A CBA economist says missing foreign workers are one reason why
3 years, 9 months ago

Unemployment is back near pre-pandemic levels. A CBA economist says missing foreign workers are one reason why

ABC  

We know employment in Australia has rebounded strongly from the recession. He says the monthly labour force data is excluding a vital element of Australia's labour force: foreign workers who've been working in Australia for less than 12 months. He says short-term foreign workers, as a share of total workers, has been fairly stable for the last 20 years, sitting …

Reserve Bank and Treasury admit 'full employment' is not what they thought it was. And it's held the country back
3 years, 10 months ago

Reserve Bank and Treasury admit 'full employment' is not what they thought it was. And it's held the country back

ABC  

When a glacier shifts a few inches, a gigantic movement has still occurred. It said its model had been showing that, in the five years prior to last year's recession, Australia's economy would be close to "full employment" when the unemployment rate was roughly 5 per cent. He said Australia could have an unemployment rate of 4 per cent "tomorrow" …

Unemployment rate still falling as COVID economic recovery continues
3 years, 11 months ago

Unemployment rate still falling as COVID economic recovery continues

ABC  

Australia's unemployment rate has continued to fall, and it is women leading the jobs recovery. Key points: The unemployment rate fell from 5.8pc in February to 5.6pc in March Unemployment is now just 0.4 of a percentage point higher than it was before the COVID-19 pandemic was declared These ABS numbers relate to employment over the first two weeks of …

The COVID-19 pandemic helped unemployment figures, but spare capacity clouds Australia's future
3 years, 11 months ago

The COVID-19 pandemic helped unemployment figures, but spare capacity clouds Australia's future

ABC  

When it comes to jobs, Australia's recovery after the economic shock of the national, pandemic-driven lockdown has been nothing short of astonishing, at least if you check the headline numbers. In February, the unemployment rate dived to 5.8 per cent, way below the 6.3 per cent jobless rate in January, a performance that stunned pundits and professional economic soothsayers alike. …

Australia's unemployment rate could be higher than 6.9 per cent according to analysis of welfare payments
4 years, 5 months ago

Australia's unemployment rate could be higher than 6.9 per cent according to analysis of welfare payments

ABC  

Australia's unemployment rate could be much higher than the 6.9 per cent reported last week, according to an ABC analysis of Federal Government welfare payments. Key points: Australia's jobless rate peaked at 7.5 per cent in July during the pandemic The gap between the unemployment rate and the JobSeeker rate is much higher in regional and rural areas. Economist Sarah …

Young Australians face 'bleak future' if Federal Government pursues budget repair too soon, Greens say
4 years, 5 months ago

Young Australians face 'bleak future' if Federal Government pursues budget repair too soon, Greens say

ABC  

If the Federal Government begins repairing the budget when the unemployment rate is 6 per cent, nearly 2 million Australians will still be out of work, or not getting enough work, and young people will bear the brunt of the pain, analysis shows. Key points: The youth unemployment rate is always higher than the national average Economists warn the unemployment …

NSW's unemployment rate is 6.7 per cent — but in these parts of Sydney it's a very different story for young people
4 years, 6 months ago

NSW's unemployment rate is 6.7 per cent — but in these parts of Sydney it's a very different story for young people

ABC  

Geraldeen Ansumana has been looking for work since the start of this year. "It's quite difficult, because you're having hopes like finally, I've got a job and I'm going to start working, and then they say, 'we're going to get back to you'," she said. Last week, the ABS said NSW's unemployment rate dropped to 6.7 per cent, but the …

Unemployment rate falls but job seekers say finding work is still 'really hard'
4 years, 6 months ago

Unemployment rate falls but job seekers say finding work is still 'really hard'

ABC  

Australia's unemployment rate is falling, but those without work say it is not getting any easier to find a job, especially in locked-down Victoria. Key points: The official ABS unemployment rate has fallen from 7.5 per cent in July to 6.8 per cent in August The percentage of underemployed people, who wanted to work more hours than they did, remained …

Australia's real unemployment rate is higher than states and territories have have closed borders
4 years, 7 months ago

Australia's real unemployment rate is higher than states and territories have have closed borders

Daily Mail  

The real level of unemployment is higher in states and territories that have closed their borders to other parts of Australia. The Northern Territory has Australia's effective unemployment rate of 12.1 per cent - despite the easing of COVID-19 restrictions. Pictured are drinkers at Darwin's Moonsoons bar The Northern Territory was the exception with the effective unemployment rate rising from …

Unemployment higher in states that have closed their borders to states with little, no COVID cases
4 years, 7 months ago

Unemployment higher in states that have closed their borders to states with little, no COVID cases

Daily Mail  

Australia's unemployment hot spots are in states that have closed their border to other states or territories with very few or even no COVID-19 cases. Queensland's Wide Bay region north of Brisbane, covering the cities of Bundaberg and Hervey Bay near Fraser Island, has Australia's second highest jobless rate of 17 per cent - a surge from 8.8 per cent …

New Zealand's unemployment rate is almost half Australia's, but is it really doing that much better?
4 years, 7 months ago

New Zealand's unemployment rate is almost half Australia's, but is it really doing that much better?

ABC  

New Zealand released its latest employment data this week. Its official unemployment rate has just fallen from 4.2 per cent to 4 per cent, despite New Zealand's much harsher initial COVID-19 lockdowns. "That hard lockdown at the start of the quarter combined with the wage subsidy scheme meant that unemployment rate was estimated to be 2.7 per cent early in …

WA unemployment rate soars to 8.1 per cent with 104,000 jobs lost amid coronavirus pandemic
4 years, 9 months ago

WA unemployment rate soars to 8.1 per cent with 104,000 jobs lost amid coronavirus pandemic

ABC  

Western Australia has recorded the highest unemployment rate in the nation as the full economic damage caused by the coronavirus pandemic continues to be revealed. Key points: The 8.1 per cent unemployment rate is the state's highest on record The 8.1 per cent unemployment rate is the state's highest on record There are now more than 112,000 West Australians unemployed …

Toowoomba, NSW Mid North Coast, Shepparton have Australia's highest unemployment since COVID-19
4 years, 10 months ago

Toowoomba, NSW Mid North Coast, Shepparton have Australia's highest unemployment since COVID-19

Daily Mail  

Unemployment has surged the most in areas of Australia that weren't necessarily dependent on foreign tourists or overseas university students for survival. Australia's joblessness hot spots Toowoomba, Queensland: 12.2 per cent Mid-North Coast, NSW: 11.8 per cent Shepparton, Victoria: 10.8 per cent Wide Bay, Queensland: 10.2 per cent Brisbane east, Queensland: 9.8 per cent Adelaide north, South Australia: 9.6 per …

The immediate struggle is to absorb the unemployed. But the path to recovery after coronavirus recession will shape economies for years
4 years, 10 months ago

The immediate struggle is to absorb the unemployed. But the path to recovery after coronavirus recession will shape economies for years

ABC  

Australia's political class has started arguing about the best way to restart the economy. In 2000, when Australia's population was 19 million, the Bureau of Statistics projected population growth would slow to a crawl by 2050 due to a severe decline in the birth rate and low migration. The shift in policy has caused Australia's population to swell by 30 …

Australia expects surge in jobless rate but restrictions remain
4 years, 11 months ago

Australia expects surge in jobless rate but restrictions remain

Al Jazeera  

Australian officials are planning to maintain strict rules on social distancing for six months due to the coronavirus. Australia’s unemployment rate is forecast to spike to the highest level in 25 years because of the coronavirus pandemic, but officials said on Tuesday it was still too soon to let up on social restrictions that are curbing economic growth. However, Deputy …

Unemployment falls to 5.2pc in September, but is expected to climb by 2020
5 years, 5 months ago

Unemployment falls to 5.2pc in September, but is expected to climb by 2020

ABC  

Australia's unemployment rate fell marginally to 5.2 per cent in September, on a seasonally adjusted basis. "We are sticking to our forecast that the unemployment rate will climb to 5.5 per cent by early next year." South Australia experienced the biggest improvement as its unemployment rate fell to 6.7 per cent — compared to the previous month's 7.7 per cent. …

Unemployment remains steady at 5.2pc despite an extra 42,300 jobs
5 years, 9 months ago

Unemployment remains steady at 5.2pc despite an extra 42,300 jobs

ABC  

Australia's unemployment rate remained stuck at 5.2 per cent last month, despite the creation of 42,300 jobs in May. Key points: A record number of Australians are in work or looking for it, with participation at 66 per cent The unemployment rate remained steady at 5.2 per cent, but hours worked fell Seek data show job ads in May were …

Unemployment creeps back up to 5 per cent despite strong jobs growth
5 years, 11 months ago

Unemployment creeps back up to 5 per cent despite strong jobs growth

ABC  

Australia's unemployment rate has edged back up to 5 per cent, despite another strong month of job creation. Key points: In seasonally adjusted terms 48,300 new jobs were created in March, while 22,600 part-time jobs were shed The unemployment rate edged up 0.1 per cent from an eight year low of 4.9 per cent as more people looked for work …

Unemployment drops below 5 per cent for the first time in eight years
6 years ago

Unemployment drops below 5 per cent for the first time in eight years

ABC  

The jobs market has stared down a slowing economy, with the unemployment rate edging below 5 per cent in February. Key points: 4,600 jobs were created in February, down from the 39,100 in January Unemployment rose in NSW and Victoria, and fell in other states and territories The slide in the unemployment rate under 5pc takes some pressure off the …

Outback Queensland is the worst place for young people wanting a job
6 years ago

Outback Queensland is the worst place for young people wanting a job

ABC  

Youth unemployment in Australia is stagnating at levels not seen this century and is at crisis point in outback Queensland. Key points: The highest youth unemployment rate is in far north Queensland Coffs Harbour-Grafton, Wide Bay, Moreton Bay and Bendigo also have very high youth jobless rates Nationally, the youth unemployment rate remains more than twice as high as the …

Unemployment falls to four-and-a-half-year low at 5.4pc
7 years, 4 months ago

Unemployment falls to four-and-a-half-year low at 5.4pc

ABC  

Australia's unemployment rate has fallen to a four-and-a-half-year low at 5.4 per cent, even though a disappointing 3,700 jobs were created last month. Economists generally expected unemployment to remain steady at 5.5 per cent, with the typical forecast centring on the creation of 17,500 jobs. The bad news was that the unemployment rate fell because the participation rate — the …

South Australia's unemployment rate falls to its best level since 2013
7 years, 5 months ago

South Australia's unemployment rate falls to its best level since 2013

ABC  

South Australia's unemployment rate has settled below 6 per cent for the first time in four years, a day ahead of the loss of nearly 1,000 Holden jobs in Adelaide's north. Opposition industry spokesperson Corey Wingard said the number of full-time jobs fell in SA last month and "many more" would be at risk when Holden closed. "Today's unemployment figures …

Unemployment eases to 5.6 per cent, but full-time jobs lost
7 years, 7 months ago

Unemployment eases to 5.6 per cent, but full-time jobs lost

ABC  

Australia's unemployment rate has fallen to 5.6 per cent with the creation of nearly 28,000 jobs in July. Key points: Unemployment falls to 5.6pc in July after June figure revised up to 5.7pc 27,900 jobs were added to the economy last month: an increase of 48,200 in part-time, a fall of 20,300 full-time jobs The proportion of the population in …

Unemployment drops to 5.7pc with about 37,000 jobs created
7 years, 10 months ago

Unemployment drops to 5.7pc with about 37,000 jobs created

ABC  

Australia's unemployment rate dropped to 5.7 per cent in April due to the creation of more than 37,000 jobs, although they were all part-time. The unemployment rate fell to 5.7 per cent on the part-time job creation, but the more stable trend number has been steady at 5.8 per cent for the past four months. "For almost 18 months, the …

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