Sydney Australia skyline

Australia Unemployment October 2018

Australia: Labor market adds high number of new jobs in October

Seasonally-adjusted employment increased by 32,800 in October compared to the previous month, following the revised 7,800 jobs added in September (previously reported: +5,600 jobs) and overshooting analysts’ expectations for a gain of 20,000. October’s reading was again driven by an increase of full-time workers more than offsetting a decline in part-time workers.

Seasonally-adjusted unemployment remained stable at September’s over six-year low of 5.0% in October. Moreover, October saw an increase in the number of people actively looking for a job, as the seasonally-adjusted participation rate rose from 65.5% in September to 65.6%. Meanwhile, the seasonally-adjusted underutilization rate and the seasonally-adjusted underemployment rate remained unchanged from the previous month in October. Recently released data shows that the improvement in labor market dynamics is slowly impacting on wage gains, as pay growth picked up pace in Q3 from the previous quarter.

Australia Unemployment Rate Forecast

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest