Market news
16.11.2017, 07:30

Australian unemployment rate down 0.1% to 5.4% in October

Trend estimates (monthly change):

  • Employment increased 20,000 to 12,301,200.

  • Unemployment decreased 3,000 to 709,400.

  • Unemployment rate remained steady at 5.5%.

  • Participation rate remained steady at 65.2%.

  • Monthly hours worked in all jobs increased 3.5 million hours (0.2%) to 1,720.3 million hours.

Seasonally adjusted estimates (monthly change):

  • 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.

  • 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.

  • Unemployment rate decreased 0.1 pts to 5.4%.

  • Participation rate decreased 0.1 pts to 65.1%.

  • Monthly hours worked in all jobs increased 4.6 million hours (0.3%) to 1,723.7 million hours.

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