Australia Unemployment Rate Steady at 6.2% in October


Seasonally adjusted jobless rate in Australia remained unchanged at 6.2 percent in October of 2014 from a revised September figure. The number of unemployed persons increased by 7,100 to 772,100.

Full-time employment increased by 33,400 persons to 8,058,500 persons while part-time employment decreased by 9,400 to 3,533,700 persons in October 2014. The increase in total employment resulted from: an increase in female full-time employment, up 26,100 persons; an increase in male full-time employment, up 7,300 persons; an increase in male part-time employment, up 1,000 persons and a decrease in female part-time employment, down 10,400 persons.

The number of employed persons increased by 24,100 to 11,592,200 persons, following a decrease of 23,700 persons in September. The increase in October was driven by full-time employment.  

The employment to population ratio, which expresses the number of employed persons as a percentage of the civilian population aged 15 years and over, was unchanged at 60.5 percent. In October, participation rate remained steady at 64.6 percent.

The Australian Bureau of Statistics has made changes to its methodology by removing the effect of supplementary surveys from seasonally adjusted estimates.  Applying the new approach on the seasonally adjusted series from December 2013 onwards, the bureau said these estimates would not change until the annual seasonal reanalysis was completed in early 2015. 

ABS l Rida l rida@tradingeconomics.com
11/6/2014 2:45:40 AM