Labour Force
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April 2022
May 19, 2022 Employment rose a seasonally adjusted 4.0k in April, missing the market expectations for a 30.0k gain. The unemployment rate stood at 3.9% in April, or more precisely at 3.85%, a record low for the monthly survey, which goes back to 1978. In Western Australia, the unemployment rate dropped 0.5ppts to just 2.9%, while employment was still up 5.1% through the year.
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March 2022
April 14, 2022 Employment rose a seasonally adjusted 17.9k in March, while hours worked declined by 0.6% amid floods over east and the ongoing Omicron spread.
The unemployment rate stood at 4.0% in March, or (more precisely) at a record low for the monthly survey of 3.95%.
Western Australia was one of the three states to record a rise in employment in March and its unemployment rate of 3.4% was the lowest of all states.
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February 2022
March 17, 2022 Employment rose a seasonally adjusted 77.4k in February, more than double the 37.5k expected by the markets. This was the fourth consecutive gain and took employment to a fresh record high.
The unemployment rate declined 0.2 ppts to 4.0%, the lowest since 2008 which was the only other time unemployment has been down at these levels since the early 1970s.
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January 2022
February 17, 2022 Employment rose a seasonally adjusted 12.9k in January, against the market expectations of no change, to reach a fresh record high of 13,255k. Although this is just 2.0% above the pre-pandemic peak of March 2020.
The Australian unemployment rate was unchanged at a 13-year low of 4.2%, in line with the market expectations.
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December 2021
January 20, 2022 Employment rose a seasonally adjusted 64.8k in December, exceeding the market expectations of a 43.5k increase.
The unemployment rate declined to 4.2%. This is the lowest level since August 2008, when the unemployment rate was 4.0%.
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November 2021
November 16, 2021 Employment surged a seasonally adjusted 366.1k in November, well in excess of the market expectations of a 200k gain.
Improving labour market conditions were also reflected in a 0.6ppts decline in the unemployment rate, back to 4.6%.
The Western Australian labour market has been the standout among the states, with employment growing 4.5% in the year to November and the unemployment rate falling to 3.8%, the lowest since July 2012.
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