The jobless rate in Australia was a seasonally adjusted 5.6 percent in October, the Australian Bureau of Statistics said on Thursday.
That was beneath expectations for 5.7 percent and unchanged from the September reading.
The Australian economy added 9,800 jobs in October to 11,938,900 – again missing expectations for an increase of 15,000 following the loss of 9,800 jobs in the previous month.
Full-time employment increased 41,500 to 8,126,900 and part-time employment decreased 31,700 to 3,812,000.
Unemployment decreased 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 2,700 to 210,800.
The participation rate was steady at 64.4 percent, shy of forecasts for 64.6 percent.
Monthly hours worked in all jobs increased 14.3 million hours to 1674.8 million hours.
by RTT Staff Writer
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