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LABOUR FORCE COMMENTARY DECEMBER 2014
Seasonally adjusted full-time employment increased by 41,600 persons to 8,105,300 persons while part-time employment decreased by 4,100 to 3,574,100 persons in December 2014. The increase in total employment resulted from:
Seasonally adjusted aggregate monthly hours worked decreased 7.7 million hours (0.5%) in December 2014 to 1,597.8 million hours.
The largest absolute increases in seasonally adjusted employment were in Victoria (up 30,800 persons) and Queensland (up 22,500 persons). The largest absolute decrease in seasonally adjusted employment was in Western Australia, down 7,000 persons.
The largest increase in the seasonally adjusted participation rate was in Victoria (up 0.4 percentage points), while the largest decreases were in Tasmania (down 0.6 percentage points) and South Australia (down 0.4 percentage points).
The largest increase in the seasonally adjusted unemployment rate was in Western Australia (up 0.7 percentage points). The largest decreases in the seasonally adjusted unemployment rate were in Queensland (down 0.7 percentage points) and Victoria (down 0.3 percentage points). The ABS recommends using trend estimates to analyse the underlying behaviour of the series.
Seasonally adjusted estimates are not published for the territories.
AGGREGATE MONTHLY HOURS WORKED
Through a process of ongoing quality assurance, the seasonal adjustment of the Aggregate monthly hours worked series has been refined to provide more reliable seasonally adjusted and trend data over the entire series. Two specific refinements were made to take account of the Labour Force supplementary survey program, and the timing of Easter in 2014.
These two refinements have resulted in revisions to the seasonally adjusted and trend Aggregate monthly hours worked series with the largest revisions occurring in April 2013, April 2014 and September 2014. Revisions to earlier periods back to the start of the series in February 1978 were generally minimal.
For further details, refer to "What's new in the Labour Force" on pages 5-6.
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