Australia’s Unemployment Rate Climbs to 4.7% as Jobs Fall in September
Summary
Australia’s unemployment rate rose to 4.7% in September as employment fell by 39,000 and the number of unemployed people increased by 9,000. The Australian Bureau of Statistics said the trend unemployment rate remained steady at 4.6%.
Key Points
- Australia’s unemployment rate climbed to 4.7% in September as jobs fell and unemployment increased.
- The Australian Bureau of Statistics said employment dropped by 39,000 during the month while unemployment rose by 9,000.
- The employment-to-population ratio fell to 63.6% and the participation rate slipped to 66.8%.
- On a trend basis, unemployment stayed unchanged at 4.6% and employment rose slightly by 0.1%.
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