Breaking News Today

Employment rose by 29,000 during the summer holiday peak

Published: (Updated: ) in Australian News by .

Australia’s unemployment rate has fallen to 6.4 per cent as almost 30,000 people found work in January.

Australia's unemployment rate has fallen to 6.4 per cent as almost 30,000 people found work during a difficult holiday for many in the southern states.

New data from the Australian Bureau of Statistics (ABS) showed for January 2021, employment increased by 29,100 people (0.2 per cent) to 12,939,900 people.

The total number of employment year-on-year was down by 0.4 per cent or 45,600 people.

READ MORE: Aussie unemployment rate drops to 6.6 percent

ABS head of labour statistics Bjorn Jarvis said the results showed a continued recovery in the labour market.

"January 2021 was the fourth consecutive monthly rise in employment, as employment in Victoria continued to recover," Mr Jarvis said in a statement.

He said this contrasted with seasonally adjusted hours worked, which declined between December and January - a fall of 4.9 per cent in seasonally adjusted terms - as more people than usual took annual leave over the summer.

"After a tough 2020, more Australians than usual took leave in the first two weeks of January, particularly full-time workers," he said.

"This fall in hours worked is different to the falls across April and May 2020, which resulted from the restrictions in the labour market, rather than people taking leave.

However, he said the number of employed people who worked zero hours in early January in the capital cities also reflects some ongoing effects of recent lockdowns in Sydney and Melbourne.

"Nationally, employment was only 59,000 people lower than March 2020, having fallen by 872,000 people early in the pandemic," he said.

Source: 9News https://www.9news.com.au/national/jobs-figures-employment-rose-by-29000-during-the-summer-holiday-peak/8811ef3b-38b2-4782-a5d8-c996201d3667

READ:  Olympian Nathan Baggaley and brother found guilty of failed cocaine plot

Shares
Share This
Finance Advice 2021