Australia's Jobless Rate at 17-Month Low

Australia's seasonally adjusted unemployment rate surprisingly decreased to 5.9 percent in October of 2015 from 6.2 percent a month earlier and the lowest figure since May 2014. The economy added 58,600 jobs, the largest gain since March 2012, and the number of unemployed declined by 33,400.
ABS | Rida Husna | rida@tradingeconomics.com 11/12/2015 11:50:33 AM
The seasonally adjusted labour force participation rate increased to 65.0 percent from 64.9 percent in September.

Employment increased to 11,838,200: full-time employment rose 40,000 to 8,171,600 and part-time employment was up by 18,600 to 3,666,600.

Unemployment decreased by 33,400 to 739,500. The number of unemployed persons looking for full-time work decreased 30,300 to 526,300 and the number of unemployed persons only looking for part-time work decreased by 3,100 to 213,200.

Seasonally adjusted aggregate monthly hours worked in all jobs increased 19.1 million hours (+1.2 percent) to 1,660.4 million hours.

Australia