ABS Update: Trend unemployment rate 5.3% 

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Australia’s trend unemployment rate increased to 5.3% in August 2019. Unemployment rates increased in Victoria, Queensland, South Australia, Tasmania and the Northern Territory, and decreased in New South Wales, Western Australia, and the Australian Capital Territory.

Trend monthly employment increased by approximately 22 000 people this August, with employment increasing by 2.5%, exceeding the 20 year annual average.

Monthly hours worked increased by 1.7% in the past year, with a growth of 0.1% in August 2019 keeping on track with the annual growth of 1.7% over the past 20 years.

This August’s underemployment rate was 8.5%, remaining constant with an increase of only 0.1% throughout the year. The trend underutilisation rate also stayed relatively constant with an increase of 0.2% this past year.

The seasonally adjusted unemployment rate in August 2019 increased by less than 0.1% to 5.3%, and the underemployment rate increased by 0.1% to 8.6%. The seasonally adjusted participation rate increased further to 66.2%, with an increase of approximately 35 000 people employed.

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