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Labour force - November 1999



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THE HON PETER REITH MP

MINISTER FOR EMPLOYMENT WORKPLACE RELATIONS

AND SMALL BUSINESS

LEADER OF THE HOUSE OF REPRESENTATIVES

 

9 December 1999

148/99

 

LABOUR FORCE NOVEMBER 1999

 

The unemployment rate fell to 6.7 per cent in November in seasonally adjust ed terms

according to Labour Force data released today by the Australian Bureau of Statistics, its lowest level since June 1990.

 

The number of people in full-time jobs rose by 2,600. There was a fall in part-time

employment of 8,800 leading to an overall fall of 6,200 in employment. Male employment rose by 3,000 and the number of women in jobs fell by 9,200. Total employment has now risen by 2.8 per cent over the last twelve months.

 

The participation rate fell by 0.3 percentage points to 63.1 per cent, equalling its average over the last twelve months. This participation rate compares very favourably with Labor’s average participation rate of 62.4 during its 13 years in office.

 

The number of Australians who are unemployed is now at its lowest level since September 1990, reflecting the sustained rise in employment over the last three years.

 

In NSW the rate has fallen to 5.6%, the best monthly figure since 1989.

 

As I have repeatedly said this year, monthly figures are volatile.

 

In trend terms the unemployment rate reached 7.0 per cent, equalling its lowest rate since July 1990.

 

In seasonally adjusted terms, teenage full-time employment rose by 7,700 to 242,600. Over the last year teenage full-time employment has now risen by 8.8 per cent.

 

Today’s labour force figures confirm that the labour market remains on track to meet the Government’s forecast unemployment rate of 6 ¾ per cent by the June quarter of 2000 and reflects the success of the Government’s policy settings. But more can and must be done.

 

Today’s ABS figures should not be used by Labor as a shield to hide their employment policy which has twice been promised and twice denied.

 

Unemployment is one of the major issues facing Australia today. It is incumbent on Mr Beazley to produce his promised policy if he is to have any credibility in the debate on unemployment.

 

For further information contact: Ian Hanke 0419 484 095

 

 

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