Australia Unemployment


Australia: Unemployment rate stable in September

October 15, 2015

In September, the labor market lost 5,100 jobs compared to the previous month, in seasonally-adjusted terms. The decrease contrasted last month’s revised gain of 18,100 jobs (previously reported: +14,400 jobs). September’s tally also contrasted market expectations of a 5,000 job increase in September. September’s result was driven by a decrease in the number full-time jobs, while part-time positions increased. The number of part-time positions increased by 8,900 (August: +7,100 jobs), while the number of full-time positions fell by 13,900 (August: +11,000 jobs).

The labor market participation rate inched down to 64.9% in September from 65.0% in August. Due to the decrease in the number of jobs and the fall in the participation rate, the unemployment rate in September was stable at August’s reading of 6.2%.

FocusEconomics panelists expect the unemployment rate to average 6.2% in 2015, which is unchanged from last month’s forecast. In 2016, the panel expects that the unemployment rate will inch down to 6.1% which is down 0.1 percentage points from last month’s estimate.

Author:, Economist

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Australia Unemployment Chart

Australia Unemployment September 2015

Note: Seasonally-adjusted unemployment rate in % and new jobs in thousands.
Source: Australian Bureau of Statistics.

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