The number of South Australians in work has hit an all time high, with an additional 11,800 people employed last month.
Labour Force data released by the Australian Bureau of Statistics shows a record 897,100 South Australians now have a job, in seasonally adjusted terms.
The number of people in full-time work has hit 595,000 – another state record.
The number of full-time jobs grew by 7,300 and is now almost 10,000 higher than at the state election in March.
Nationally the unemployment rate sits at 3.4 per cent. SA’s unemployment rate is 4.1 per cent seasonally adjusted.
Treasurer Stephen Mullighan says “This is another encouraging result with a record number of South Australians in work.
“Since the state election almost 10,000 more people have a job, and three quarters of those are employed full-time.
“We know that there are harder times ahead with inflation rising and interest rates at their highest point since 2013.
“That’s why we are investing in infrastructure, businesses and events to provide jobs for today and for the future,” Mullighan said.
Participation is 63.4 per cent, up from 62.8 per cent last month.
Bjorn Jarvis, head of labour statistics at the ABS, said “The number of people who worked fewer hours because they were on annual leave increased between September and October, consistent with school holidays and public holidays. However, the number of people on annual leave in October 2022 was around 10 per cent less than we typically see at this time of the year,” Mr Jarvis said.
Some of this difference may reflect people who would normally have taken annual leave being sick instead, with around 30 per cent more people than usual working reduced hours in October due to sickness.
“While the number of people working fewer hours due to sickness was around a third higher than we’d usually see in October, it was no longer two-to-three times higher, as it was earlier in 2022. October was the first month in 2022 where the number of people was less than half a million (467,000),” Mr Jarvis said.
To find out more, visit the ABS website here.
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