According to seasonally adjusted figures released by the Australian Bureau of Statistics this morning, the state’s unemployment rate of 4.8% – down from 4.5% in April – came as the national rate stabilized at 3.9% in May, the lowest level equal since August. 1974.
South Australia is followed by Tasmania (4.5%) and the Northern Territory (4.1%), while New South Wales and Queensland had unemployment rates of 4%.
Victoria (3.7 per cent), ACT (3.3 per cent) and Western Australia (3.1 per cent) were the top performing states for jobs.
The national youth unemployment rate remained at 8.8%, 2.8% lower than in March 2020.
The 0.1 per cent rise in South Australia’s unemployment rate can be attributed to a 0.3 per cent increase in the participation rate to 63.2 per cent – the percentage of people either employed or look for a job.
This resulted in an increase of 5,600 people in the state’s total labor market from April to May to 929,200.
While the number of unemployed people in the state rose by 1,600 to 43,000 in May, the number of people with jobs rose by 4,000.
That was most notable in a 13,400 increase in the number of people in full-time jobs to 592,800, a record for the state. This included 7,700 more men working full time and 5,700 women.
Nationally, the number of people at work in May rose by 61,000.
The employment-to-population ratio rose to 64.1% in May, an all-time high and 1.6 percentage points higher than in March 2020.
ABS head of labor statistics Bjorn Jarvis said the national increase in the number of people employed in May followed a smaller increase of 4,000 people in April, which coincided with Easter, the school holidays , flooding impacts and ongoing disturbances associated with the Omicron variant. .
“The May 2022 increase was the seventh consecutive increase in employment, following the easing of lockdown restrictions at the end of 2021. Average employment growth over the past three months (30,000) continues to decline. ‘be stronger than the pre-pandemic trend of around 20,000 people per month,’ he said.
“In addition to the continued upward trend in employment, we continued to see relatively stronger growth in hours worked. This is something we also saw around this time last year, before the Delta outbreak.
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