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- Australian unemployment rate down 0.1% to 5.4% in October
Australian unemployment rate down 0.1% to 5.4% in October
Trend estimates (monthly change):
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Employment increased 20,000 to 12,301,200.
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Unemployment decreased 3,000 to 709,400.
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Unemployment rate remained steady at 5.5%.
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Participation rate remained steady at 65.2%.
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Monthly hours worked in all jobs increased 3.5 million hours (0.2%) to 1,720.3 million hours.
Seasonally adjusted estimates (monthly change):
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Employment increased 3,700 to 12,297,100. Full-time employment increased 24,300 to 8,425,400 and part-time employment decreased 20,700 to 3,871,700.
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Unemployment decreased 8,100 to 701,500. The number of unemployed persons looking for full-time work remained steady at 485,900 and the number of unemployed persons only looking for part-time work decreased 8,100 to 215,600.
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Unemployment rate decreased 0.1 pts to 5.4%.
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Participation rate decreased 0.1 pts to 65.1%.
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Monthly hours worked in all jobs increased 4.6 million hours (0.3%) to 1,723.7 million hours.
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