Employment and unemployment
Labour Force, Australia
Seasonally adjusted estimates for February 2021:
- Unemployment rate decreased to 5.8%.
- Participation rate remained at 66.1%.
- Employment increased to 13,006,900.
- Employment to population ratio increased to 62.3%.
- Underemployment rate increased to 8.5%.
- Monthly hours worked increased by 102 million hours.
Job Vacancies, Australia
The seasonally adjusted estimates for the February 2021 quarter are as follows:
- Total job vacancies were 288,700, an increase of 13.7% from November 2020.
- Private sector vacancies were 260,300, an increase of 14.0% from November 2020.
- Public sector vacancies were 28,400, an increase of 11.1% from November 2020.
Labour Account Australia
In seasonally adjusted terms for the December quarter 2020:
- Total jobs increased by 455,000 (3.2%).
- The number of people working multiple jobs increased by 8.6%.
- Secondary jobs increased by 77,900 (8.3%).
- Hours worked increased by 3.6%.
- Employed persons increased by 1.8% to 13.2 million.
Employment and Earnings, Public Sector, Australia
There were 2,041,200 public sector employees at the end of June 2020 comprising:
- 246,000 employees in Commonwealth government;
- 1,609,100 in state government; and
- 186,000 in local government.
Total public sector cash wages and salaries in 2019-20 was $174,139.5 million.
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.
Participation, Job Search and Mobility, Australia
- Almost 1.4 million people not in the labour force wanted a job, with 70% available within 4 weeks.
- 1.1 million, or 8% of employed people, changed jobs last year.
- 'too many applicants' was the main difficulty for most job seekers.
- Half of underemployed part-timers did not look for more hours.
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.
Labour Account Australia, Experimental Estimates
- Over the six years to June 2016, filled jobs grew by 6.9%.
- Over the same period, the number of employed persons increased by 6.8%.
- Over the six years to June 2016, hours actually worked increased by 5.7%.
- Total labour income increased over the six years to June 2016 by 21.5%.