Finance Finance News Jobless rate edges higher in October
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Jobless rate edges higher in October

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Australia’s unemployment rate stayed rose to 5.7 per cent in October, official figures show.

Unemployment in September was revised to 5.7 per cent from 5.6 per cent previously.

The total number of people with jobs rose 1,100 to 11.639 million in the month, according to seasonally adjusted figures released by the Australian Bureau of Statistics on Thursday.

The median forecast for the unemployment rate was 5.7 per cent in October, with total employment growth of 5,000, according to an AAP survey of 15 market economists.

Full-time employment fell 27,900 to 8.095 million in October and part-time employment was up 28,900 to 3.545 million.

The October participation rate was 64.8 per cent, steady compared to September.

The participation rate is the proportion of the population that have a job, are looking for work or ready to start work.

Unemployment in September was revised to 5.7 per cent from 5.6 per cent previously.

The total number of people with jobs rose 1,100 to 11.639 million in the month, according to seasonally adjusted figures released by the Australian Bureau of Statistics on Thursday.

The median forecast for the unemployment rate was 5.7 per cent in October, with total employment growth of 5,000, according to an AAP survey of 15 market economists.

Full-time employment fell 27,900 to 8.095 million in October and part-time employment was up 28,900 to 3.545 million.

The October participation rate was 64.8 per cent, steady compared to September.

The participation rate is the proportion of the population that have a job, are looking for work or ready to start work.