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Australian Unemployment Rate fell to 5.5%

Thursday, Oct 19 2017
Australian Unemployment Rate fell to 5.5%

The Australian dollar initially got a boost from the September employment figures, which beat expectations with a monthly gain of 19,800 in seasonally adjusted terms. It was forecast at 15,000. This morning’s jobs figure was the seventh straight month of jobs growth, and left total employment at 12,290,200 — the highest level on record. The unemployment rate fell to 5.5%, which is the lowest level since February 2013.

Full-time employment increased 6,100 to 8,398,200 and part-time employment increased 13,700 to 3,892,000. Unemployment decreased 11,800 to 711,500. The number of unemployed persons looking for full-time work decreased 10,600 to 487,100 and the number of unemployed persons only looking for part-time work decreased 1,200 to 224,400.

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