While women’s full-time participation in the workforce has never been so high, analysts suggest the hot jobs market will prompt a further rate rise.
A record number of women are flooding into full-time work across the country, in some areas at twice the rate of their male counterparts, as the jobs market shows no sign of cooling under the weight of high interest rates and inflation.
In Victoria alone, the number of women in full-time work soared by 10.4 per cent over the past 12 months compared to a 4.9 per cent increase among men. In NSW, female full-time employment lifted by 5.9 per cent compared to 4.4 per cent among men. “I would not have gone back full-time if I was just full-time teaching, but I actually got a role that is part leadership and part teaching, which gives me a little bit of flexibility around the kids,” she said.
“After the isolation of COVID, I really enjoy being a member of a team and coming into an office and seeing people on a regular basis.”Treasurer Jim Chalmers, in Washington for this week’s round of International Monetary Fund and World Bank talks, said the figures were a “remarkable outcome” given the pressures on the global economy.
Indeed Asia-Pacific economist Callam Pickering said it appeared one of the reasons for the lift in total employment was in response to the cost-of-living pressures facing many Australians as people sought more hours to cover their growing bills. “Labour force data are often the last to show weakness when there is a turning point in the business cycle. But according to the latest March data, there is no turning point in the demand for workers,” she said.
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