Trend employment growth eases

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New figures released by the Australian Bureau of Statistics show trend employment growth in Australia has eased from the relatively strong growth seen in late 2015.

Over the past month, the annual trend employment growth rate was 2.2 per cent, down from 2.6 per cent in December 2015; an increase of around 250,000 persons employed, compared with 300,000 persons.

In March 2016, the trend employment to population ratio remained at 61.2 per cent. This is an increase over the year from 60.8 per cent to 61.2 per cent, while over the same period the unemployment rate decreased from 6.2 per cent to 5.8 cent.

Trend employment increased by 7,700 persons to 11,910,000 persons over the past month reflecting a monthly growth rate of 0.10 per cent. This monthly growth rate was below the monthly average over the past 20 years, which is usually 0.15 per cent and down from the rate of 0.26 per cent recorded in September 2015.

The seasonally adjusted unemployment rate for March 2016 was down 0.1 percentage points at 5.7 per cent. In March 2016, the seasonally adjusted number of persons employed increased by 26,100, while the number of persons unemployed decreased by 7,300.

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