Media Release - More Australians in full-time work than ever before
Date published :
7
June
2012
Labour force figures released today by the ABS show that
seasonally adjusted employment expanded strongly in May, increasing
by 38,900 to a record high of 11,537,900 Australians at work. This
is well above all market expectations and reaffirms that the
Australian economy continues to outperform the developed world,
with impressive growth, relatively low unemployment, and a record
pipeline of investment at the same time as contained inflation.
Seasonally adjusted full-time employment increased by 46,100 in May
2012, to a record high of 8,107,900, partly offset by a 7,200
decline in part-time employment. Today's result shows that while
more people are in work, more people are also looking for work than
in April, with the participation rate increasing by 0.3 percentage
points to 65.5 per cent.
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