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Financial News: Australia Jobless Rate Slips To 5.4% In October

Australia Jobless Rate Slips To 5.4% In October

11/15/2017 - 19:46:00 (RTTNews)

(RTTNews) - The unemployment rate in Australia was a seasonally adjusted 5.4 percent in October, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for 5.5 percent, which would have been unchanged from the September reading.

The Australian economy added 3,700 jobs in October, well shy of the forecast for 18,800 following the addition of 19,800 in the previous month.

The participation rate fell to 65.1 percent, missing expectations for 65.2 percent, which would have been unchanged.

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