Australia full-time job growth slows, unemployment rate drops in September
|The seasonally adjusted data released this Thursday showed the Australian economy added 19.8K jobs in September, beating the estimated rise of 15.0K. The details show the full-time job growth slowed, while the unemployment rate dropped.
Key points
Employment up by 23.8k people in September on a trend basis; up 335.5k over the past year
Jobless rate 5.5% in September versus 5.6% expected and 5.6% in August (lowest level since Feb. 2013)
Full-time employment change +6.1k in September versus downwardly revised +39.5K in August
Part-time employment change +13.7K in September versus +14.1K in August
Participation rate ticked dropped slightly to 65.2% as expected from the previous month's figure of 65.3%.
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