FULL TIME JOBS DOWN

Written on the 10 June 2011

FULL TIME JOBS DOWN

JOBS data released by the ABS shows full time employment is down for the second consecutive month.

The latest national employment statistics indicate full-time jobs have been cut back in favour of part-time positions.

A spike in part-time jobs across the country has inflated the ABS labour force figures to show little movement, despite 22,000 full-time jobs being lost in May.

While the unemployment rate remained steady at 4.9 per cent, almost 30,000 new part-time jobs were created across Australia to replace the full-time jobs lost.

Around 3 million people across the country occupy part-time positions, a growing percentage on the 11.4million employed in full-time roles.

The ABS stats also show monthly aggregate hours worked in May are up 6.4 million hours to 1.6 billion hours. Queensland State Treasurer Andrew Fraser says Queensland's jobs growth outpaced the nation in May.

Fraser says the state’s apparent economic recovery is driving jobs growth, but also that the Bligh Government’s jobs target has been downgraded from 31,300 last month to 26,400 this month.

“The state economy has generated positive jobs growth for three straight months, including 2,000 being added in the month of May, while the nation as a whole generated only 1,800 new jobs,” says Fraser.

“Despite the floods and cyclone, Queensland has now generated more jobs than WA over the last 12 months. These strong jobs growth numbers show that the economy is continuing to generate jobs and power out of the damage done by the natural disasters.”

Fraser is also spruiking the fact that Queensland’s unemployment rate has been reduced to 5.3 per cent – still 0.4 per cent higher than the national average.


Latest News

OROTON GOES CLICKS AND BRICKS AS PROFITS SLIDE

TWO former Aussie lawyers have turned their passion for fashion into a $15 million dollar international business six ...

MANTRA'S SHARE PRICE SURGE INDICATES 'SUITORS ARE CIRCLING' THE HOTEL GROUP

THE rumour mill surrounding a high-level takeover of Mantra Group (ASX: MTR) is in full production with its shares su...

MELBOURNE CBD GEMS SELL FOR $17 MILLION, MARKING A NEW PROPERTY HOTSPOT

LITTLE Lonsdale Street in the heart of Melbourne's CBD has become a favourite for investors in 2017, following th...

CAN GOOGLE RECOVER FROM GLOBAL CONTROVERSY OVER ITS PROGRAMMATIC ADVERTISING SYSTEM?

IT'S the story that has rocked the world of advertising. The lucrative Google (NASDAQ: GOOGL) advertising system ...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter