Marketable professionals are the most valuable asset in the Australian job market, according to the latest job data released by the Australian Bureau of Statistics (ABS).
Key points:The ABS released the latest report on the job market and what people are doing on the groundThe data shows there are currently around 200,000 more people employed in the job markets than there were five years agoThe ABS report shows a record number of people are being employed in industry and servicesThe job market is still in its early stages, with many Australians still looking for work and the number of job vacancies still increasing.
Key points :The ABS reports that there are now more people in the labour market than five years earlierThe ABS data shows that the number that are in the marketable occupation category has grown by around 20,000 to 201,000people.
The ABS has also found that there were more people looking for jobs in the country in 2018 than there was five years prior.
There were 201,715 people in marketable jobs in Australia, up by more than 25,000 people.
The jobs report, which covers all sectors of the economy, showed that the labour force participation rate rose from 58.5 per cent in 2016 to 63.1 per cent.
This is up from 58 per cent the year before.
“In the last five years, the participation rate has been rising,” the ABS said.
“This is a reflection of an economy that has continued to build strong labour market and productivity.”
But the participation is still below where it should be.
“While the participation in the work force continues to improve, participation in other sectors is also on the decline.”
It is the second time this year that there has been a rise in the number employed in a job market.
The latest jobs report also showed that there was a rise of about 12,000 in people aged 15 to 24, which is more than double the 15,000 increase in people in that age group in 2017.
However, the ABS report also found there were fewer people aged 25 to 34 and those aged 35 to 44 who were actively looking for a job.
The report also said there were 8,600 people who were working part time.
It is not known how many people are currently employed in Australia.
It also revealed that the ABS data does not provide a breakdown of the number who are currently unemployed.
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