Australia Jobless Rate Steady at 5.6% in October


Australia's seasonally adjusted unemployment rate stood at 5.6 percent in October of 2016, the same as in September and in line with market expectations. The jobless rate stayed at the lowest level since September 2013, as the the labor force participation was unchanged while the number of unemployed decreased by 2,000.

In October, the seasonally adjusted labour force participation rate came in at 64.4 percent, similar to the previous month's figure.

Employment increased 9,800 to 11,938,900: full-time employment rose 41,500 to 8,126,390 and part-time employment decreased by 31,700 to 3,812,000.

Unemployment fell 2,000 to 705,100. The number of unemployed persons looking for full-time work increased 700 to 494,300 and the number of unemployed persons only looking for part-time work decreased by 2,700 to 210,800.

Seasonally adjusted aggregate monthly hours worked in all jobs increased 14.3 million hours to 1,674.8 million hours.

ABS l Rida Husna | rida@tradingeconomics.com
11/17/2016 1:10:58 AM