Financial News: Australia Jobless Rate Steady At 4.1% In October

Australia Jobless Rate Steady At 4.1% In October

11/13/2024 - 19:38:00 (RTTNews)

(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 4.1 percent in October, the Australian Bureau of Statistics said on Thursday - unchanged from the previous month and in line with expectations.

The Australian economy added 15,900 jobs, which missed forecasts for an increase of 25,200 jobs following the addition of 64,100 in September.

Full-time employment increased by 9,700 to 10,037,700 people, while part-time employment increased by 6,200 to 4,499,800 people.

The participation rate was 67.1 percent, shy of expectations for 67.2 percent - which would have been unchanged. Monthly hours worked increased to 1.972 billion.

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