09 December 2010

Western Australian unemployment rate falls to 4.5 per cent

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Newly released figures show that Western Australia has the lowest unemployment rate in Australia.

The Western Australia unemployment rate has fallen to a seasonally adjusted 4.5 per cent in November compared with an unrevised 4.7 per cent in October.

The Bureau of Statistics figures show the state still has the lowest unemployment rate in Australia, although the national unemployment rate fell to a low 5.2 per cent from 5.4 per cent in October.

Total employment rose by 54,600 to 11.416 million in the month, seasonally adjusted.

Full-time employment rose by 55,100 to 8.033 million in November and part-time employment was down by 400 to 3.383 million.

The participation rate in November was a record high 66.1 per cent, up from an unrevised 65.9 per cent in October.

The unemployment rate in fell in every state except Tasmania where it rose to 5.4 per cent in November from 5.2 per cent in October.

The unemployment rate fell in NSW to 5.1 per cent (down from 5.4 per cent); Victoria (5.5 per cent); Queensland (5.5 per cent); and South Australia (5.6 per cent).

It is hoped that the Federal Government will provide a boost to labour supply by increasing Australian immigration numbers and easing work visa restrictions to prevent the job market from tightening.

An increase in skilled workers would reduce upward pressure on wages and prices and allow rates to remain on hold for longer.

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