Employment and unemployment
Labour Force, Australia
In seasonally adjusted terms, in August 2022:
- unemployment rate increased to 3.5%.
- participation rate increased to 66.6%.
- employment increased to 13,592,100.
- employment to population ratio increased to 64.3%.
- underemployment rate decreased to 5.9%.
- monthly hours worked increased 0.8% to 1,854 million.
In Feb 2022:
- 821,000 part-time workers were underemployed - they preferred and were available to work more hours (20.1 per cent of all part-time workers).
- About half of the underemployed part-time workers preferred to work full-time hours (47.5 per cent).
- Half of the underemployed part-time workers preferred an extra 10 hours or less (median extra hours preferred).
- 44.4 per cent of underemployed part-time workers spent a year or more working in a job with insufficient hours.
Participation, Job Search and Mobility, Australia
During the year ending February 2022:
- 1.8 million people were not working but wanted to work (potential workers).
- 1.3 million people (or 9.5% of employed people) changed jobs, the highest annual job mobility rate since 2012.
- The annual retrenchment rate was 1.5%, the lowest annual rate on record (since 1972).
In February 2022, there were 20.7 million people in the usually resident civilian population who were aged 15 years or over, of whom:
- 13.4 million were employed.
- 1.8 million were not working but wanted to work (potential workers).
- 5.5 million did not want to work or were permanently not able to work (not potential workers).
Employment and Earnings, Public Sector, Australia
There were 2,100,800 public sector employees at the end of June 2021 comprising:
- 247,600 employees in Commonwealth government;
- 1,662,400 in state government; and
- 190,800 in local government.
Total public sector cash wages and salaries in 2020-21 was $182,940.4 million.
Labour Force Status of Families
In June 2021:
- There were 7.3 million families, an increase of 1 million since June 2011
- 1 in 7 families were one parent families (15.0%)
- There were 1.4 million jobless families (19.5%)
- Of the 6.1 million couple families, 1.6% were same-sex couples
Barriers and Incentives to Labour Force Participation, Australia
- The most common reason women were unavailable start a job or work more hours within four weeks was 'Caring for children', while for men it was 'Long term sickness or disability'.
- The most important incentives for people to seek a job or more hours were those related to child-care access and costs.
Retirement and Retirement Intentions, Australia
- There were 3.9 million retirees.
- 55% of people over 55 were retired, up from 53% in 2016-17.
- Average retirement age (of all retirees) was 55.4 years.
- Half a million people intend to retire within 5 years.
- Average age people intend to retire is 65.5 years.
- Pension was the main income source for most retirees.