WA’S unemployment rate has fallen to its lowest level in more than a year on the back of a surge in full-time employment.
The Australian Bureau of Statistics reported this morning that the WA jobless rate fell to 5.7 per cent in October, down from 6 per cent in September. It is the lowest unemployment rate for WA since September 2017.
The more stable trend measure also fell below 6 per cent, the first time this year it has been that low.
The result was driven by full-time employment which jumped by 10,700 through the month to reach its highest number since early 2015.
WA has added 44,700 full-time jobs since March.
Nationally, the country added 42,300 full-time jobs through October, which was partially offset by a 9500 drop in part-time employment.
The jobless rate held steady at 5 per cent after a slight increase in the number of unemployed Australians.
NSW’s unemployment rate was steady at 4.4 per cent while it edged down to 4.5 per cent in Victoria. Tasmania’s unemployment rate dropped to 5.3 per cent though it increased to 6.3 per cent in Queensland.
The lowest rate is in the ACT at 3.7 per cent.
Source: Perth Now