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Labour Force Snapshot – August 2021

HOBAN Recruitment’s National Sales Manager looks at the latest trends in the labour market.

  • Unemployment falls again to 13-year record low of 4.5 per cent
  • Applications per job declined compared to last month 
  • ABS sees a reduction on the labour participation rate

Unemployment rate

Decreased to

4.5%

Employment

Decreased to

13,022,600

Participation rate

Decreased to

65.2%

Monthly hours worked

Decreased by

66,000,000

Underemployment rate

Increased to

9.3%

Employment to population ratio

Decreased to

62.2%

Data obtained from ABS ‘Labour Force, Australia August 2021’ Released 16th September 2021
https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest-release

Signature of Andrew Green

Andrew Green

National Sales Manager

andrewg@hoban.com.au | 0434 306 138

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