AusBN - Australia’s female labour force participation rate reached a historic high of 60.5% in January 2018, while last month’s overall participation rate of 65.6% was the highest recorded since February 2011.
The labour employment stats collated by the Australian Bureau of Statistics (ABS) also revealed that monthly trend full-time employment increased for the 15th straight month in January 2018.
Program manager for the ABS Labour and Income Branch Bjorn Jarvis said the trend unemployment rate for January remained steady at 5.5%, where it has hovered for the past seven months.
"Australia's labour force participation rate continues to strengthen, reaching a new high for females in January and a seven-year high overall," said Jarvis.
Full-time employment grew by a further 9,000 persons last month and part-time employment increased by 14,000 individuals, providing a total employment rise of 23,000.
Over the past year, trend employment increased by 3.3%, well above the average year-on-year growth over the past 20 years , which stands at 1.9%.
“Prior to the past two months, the last time it [the trend employment rate] was 3.3% or higher was back in February 2008, before the global financial crisis,” Jarvis added.