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March Unemployment Rate Edges up Slightly

Where are the jobs? March labour figures, recently released by the Australian Bureau of Statistics (ABS), continue to show a steady unemployment rate at 5% (up slightly from February rate at 4.9%), with some industries experiencing steady growth and career path prospects.

March Unemployment Rate Edges up Slightly

March unemployment figures

March labour figures, recently released by the Australian Bureau of Statistics (ABS), continue to show a steady unemployment rate at 5%, up slightly from February rate at 4.9%.

The trend monthly underemployment rate also remained steady at 8.2 per cent and decreased by 0.4 percentage points over the year.

New South Wales, Victoria and South Australia all remained steady while unemployment rate decreased by 0.2 percentage points in the Northern Territory and by less than 0.1 percentage points in Queensland and Western Australia. It increased by 0.1 percentage points in Tasmania and the Australian Capital Territory.

Over the past year, the unemployment rate has fallen in all states and territories except for Tasmania, the Northern Territory and South Australia.

The Australian Labour Force Survey indicates that industries contributing the most to employment growth over the past two years are:

  • health care and social assistance, due to ageing population and the recent rollout of National Disability Insurance Scheme;
  • construction;
  • manufacturing, which is now at 2011 figures, after experiencing an increase in export demand for high quality food and beverages, coupled with mining related activity; and
  • engineering and the IT industry, driven by computer system design and management consulting.

Paul Miles, Managing Director at BUSY At Work, stated: “The Australian Government is providing further financial incentives to industry employers experiencing skills shortages, to encourage a stronger, skilled workforce in Australia. The National Skills Needs List has 65 occupations listed, offering incentives for persons undertaking apprenticeships or traineeships in traditional trades roles such as plumbing or hairdressing, as well as roles that may surprise some people, like aircraft maintenance engineer, screen printer or pastry cook”.

“With the average university graduate in Australia taking nearly three or more years to find work in their field after graduating, apprenticeships offer an earn-while-you-learn option with an often seamless entry into permanent work. It makes a lot of sense to look at apprenticeships as an alternative skills and career path”, Paul Miles further stated.

More information regarding apprenticeships and traineeships can be found on the BUSY At Work website.

To advertise an apprenticeship or traineeship opportunity or to search for opportunities, go to the Apprenticeship Central website.

References:

Australian Bureau of Statistics

RBA

Australian Government National Skills Needs List

Foundation for Young Australians

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