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CSO statistical release, 04 April 2018, 11am

Monthly Unemployment

March 2018

	Seasonally adjusted number of persons unemployed	Seasonally adjusted unemployment rate (%)
March 2017	163,500	7.0
February 2018	146,300	6.1
March 2018	144,400	6.1
		Percentage Points
Change in month	- 1,900	0.0
Change in year	- 19,100	- 0.9

Monthly unemployment rate of 6.1% March 2018

Figure 1 Monthly unemployment rate seasonally adjusted PNG

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The seasonally adjusted unemployment rate for March 2018 was 6.1%, unchanged from the revised rate of 6.1% in February 2018 and down from 7.0% in March 2017. The seasonally adjusted number of persons unemployed was 144,400 in March 2018, down from 146,300 when compared to the February 2018 figure and a decrease of 19,100 when compared to March 2017.

Summary points for March

In March 2018 the seasonally adjusted unemployment rate was 6.4% for males, down from 6.5% in February 2018 and down from 7.3% in March 2017.

The seasonally adjusted unemployment rate for females in March 2018 was 5.6%, down from 5.7% in February 2018 and down from 6.6% in March 2017.

The seasonally adjusted number of males unemployed in March 2018 was 83,100, down from 84,400 in February 2018. In March 2018 the seasonally adjusted number of females unemployed was 61,300, a decrease of 500 when compared to February 2018.

The seasonally adjusted unemployment rate for persons aged 15-24 years (youth unemployment rate) was 12.5% in March 2018, a decrease from 12.7% in February 2018.

Show Table 1a Seasonally adjusted monthly unemployment by sex - all persons aged 15-74 years

Table 1a Seasonally adjusted monthly unemployment by sex - All persons aged 15-74 years
		Number of persons			Unemployment rate (%)
		Males	Females	All Persons	Males	Females	All Persons
2016	March	122,300	81,100	203,300	9.7	7.7	8.8
	April	120,900	84,300	205,200	9.6	8.0	8.9
	May	120,200	85,300	205,500	9.5	8.0	8.8
	June	118,500	84,900	203,400	9.4	8.0	8.7
	July	117,000	81,400	198,400	9.2	7.7	8.5
	August	114,800	80,100	194,800	9.1	7.5	8.4
	September	108,900	76,400	185,300	8.6	7.2	8.0
	October	103,700	76,400	180,000	8.2	7.2	7.7
	November	99,300	76,900	176,200	7.9	7.2	7.6
	December	96,300	77,100	173,300	7.6	7.2	7.5

2017	January	93,700	77,800	171,500	7.4	7.3	7.4
	February	92,600	76,100	168,800	7.3	7.1	7.2
	March	92,400	71,100	163,500	7.3	6.6	7.0
	April	92,200	65,000	157,100	7.3	6.1	6.8
	May	92,100	61,900	154,000	7.3	5.8	6.6
	June	90,800	62,400	153,200	7.2	5.9	6.6
	July	90,000	67,600	157,700	7.1	6.3	6.7
	August	88,900	67,600	156,500	7.0	6.3	6.7
	September	88,200	67,600	155,700	6.9	6.3	6.6
	October	87,400	65,900	153,300	6.8	6.1	6.5
	November	86,500	64,800	151,300	6.8	6.0	6.4
	December	86,400	64,000	150,400	6.7	5.9	6.3

2018	January	85,600	62,900	148,500	6.6	5.8	6.2
	February	84,400	61,800	146,300	6.5	5.7	6.1
	March	83,100	61,300	144,400	6.4	5.6	6.1

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Open in Excel: Monthly Unemployment March 2018 Table 1(a) (XLS 45KB)

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Show Table 1b Seasonally adjusted monthly unemployment by sex - persons aged 15-24 years

Table 1b Seasonally adjusted monthly unemployment by sex - persons aged 15-24 years
		Number of persons			Unemployment rate (%)
		Males	Females	All Persons	Males	Females	All Persons
2016	March	31,500	17,500	49,000	20.9	13.5	17.5
	April	31,100	19,700	50,800	20.2	14.5	17.5
	May	31,300	20,800	52,100	19.9	14.9	17.5
	June	31,200	20,500	51,600	19.6	14.5	17.2
	July	31,700	19,000	50,700	19.8	13.6	16.9
	August	31,700	18,500	50,200	19.8	13.3	16.8
	September	30,300	18,100	48,400	19.2	13.0	16.3
	October	29,600	19,000	48,500	19.0	13.6	16.5
	November	27,900	19,300	47,200	18.4	13.8	16.2
	December	25,600	18,800	44,400	17.2	13.6	15.5

2017	January	22,600	18,100	40,700	15.5	13.1	14.4
	February	21,700	17,200	38,900	15.0	12.6	13.8
	March	23,300	16,900	40,200	16.0	12.4	14.3
	April	25,300	16,500	41,800	17.2	12.3	14.8
	May	26,500	16,400	42,900	18.1	12.4	15.4
	June	25,300	16,800	42,200	17.8	12.9	15.5
	July	23,400	17,900	41,300	17.1	14.1	15.7
	August	22,100	17,700	39,800	16.5	14.2	15.4
	September	21,300	17,000	38,300	15.6	13.6	14.7
	October	21,100	15,400	36,500	14.8	12.3	13.6
	November	21,100	14,500	35,600	14.3	11.3	12.9
	December	21,800	14,500	36,300	14.4	11.1	12.8

2018	January	22,200	14,400	36,600	14.6	10.9	12.9
	February	22,000	13,800	35,800	14.5	10.5	12.7
	March	21,800	13,300	35,000	14.4	10.3	12.5

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Open in Excel: Monthly Unemployment March 2018 Table 1(b) (XLS 45KB)

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Show Table 1c Seasonally adjusted monthly unemployment by sex - persons aged 25-74 years

Table 1c Seasonally adjusted monthly unemployment by sex - persons aged 25-74 years
		Number of persons			Unemployment rate (%)
		Males	Females	All Persons	Males	Females	All Persons
2016	March	90,700	63,600	154,300	8.2	6.9	7.6
	April	89,800	64,600	154,400	8.1	7.0	7.6
	May	88,800	64,500	153,400	8.0	7.0	7.6
	June	87,300	64,500	151,800	7.9	7.0	7.5
	July	85,300	62,400	147,700	7.7	6.8	7.3
	August	83,100	61,600	144,700	7.5	6.7	7.1
	September	78,600	58,300	137,000	7.1	6.3	6.7
	October	74,100	57,400	131,500	6.7	6.2	6.5
	November	71,400	57,600	129,000	6.4	6.2	6.3
	December	70,700	58,200	129,000	6.4	6.3	6.3

2017	January	71,100	59,700	130,800	6.4	6.4	6.4
	February	71,000	58,900	129,800	6.4	6.3	6.3
	March	69,100	54,200	123,300	6.2	5.8	6.0
	April	66,900	48,500	115,400	6.0	5.2	5.6
	May	65,600	45,400	111,100	5.9	4.9	5.4
	June	65,500	45,600	111,000	5.8	4.9	5.4
	July	66,700	49,700	116,400	5.9	5.3	5.6
	August	66,800	49,800	116,700	5.9	5.2	5.6
	September	66,900	50,600	117,500	5.9	5.3	5.6
	October	66,200	50,500	116,700	5.8	5.3	5.6
	November	65,400	50,300	115,700	5.8	5.3	5.5
	December	64,500	49,500	114,000	5.7	5.2	5.4

2018	January	63,400	48,600	111,900	5.6	5.1	5.3
	February	62,400	48,000	110,500	5.5	5.0	5.3
	March	61,400	48,000	109,400	5.4	5.0	5.2

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Open in Excel: Monthly Unemployment March 2018 Table 1(c) (XLS 45KB)

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Background Notes

Purpose

The purpose of this release is to provide a detailed series of monthly unemployment estimates. The release contains both monthly unemployment rates and monthly unemployment volumes.

Calculation of Monthly Estimates

The Labour Force Survey (LFS) provides benchmark estimates of employment and unemployment for each quarter since the beginning of 1998. These quarterly benchmark estimates are then used to compile monthly data using the Proportional Denton method. The main characteristic of this method is that the monthly Live Register series is used as an indicator to disaggregate the quarterly LFS unemployment series into a monthly series in such a way as to minimise the differences between two consecutive months. It also ensures that the average of three months in a particular calendar quarter is equal to the corresponding LFS estimate.

For months where the quarterly unemployment data is not yet available, the ratio of the LFS monthly estimate to the Live Register monthly estimate (i.e. the benchmark to indicator ratio) is forecast forward in order to extrapolate a monthly LFS estimate. The monthly series is revised each quarter when the latest quarterly data becomes available. This approach adheres to agreed international practice.

Seasonal Adjustment

To correct for typical seasonal patterns, the data series included have been concurrently seasonally adjusted. This seasonal adjustment is completed by applying the X-12-ARIMA model, developed by the U.S. Census Bureau. In the case of these monthly unemployment estimates, seasonal adjustment is conducted using the indirect approach, where each individual series is independently adjusted. To preserve consistency between the individual and aggregate series, the series for gender, age group and total monthly unemployed are then created from these component series. The series for monthly unemployment rates are likewise created from these component series.

Additional Background Information

Further information regarding the LFS and Live Register series are available from each respective release, while specific information regarding the new LFS and the impact of the revisions arising from the Census of Population 2016 is available in an additional information note.

Labour Force Survey Q3 2017

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Monthly Unemployment

March 2018

Monthly unemployment rate of 6.1% March 2018

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