LOGO
LOGO

Global Economic News

Australia September Unemployment Rate 5.6%

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Australia's unemployment rate was a seasonally adjusted 5.6 percent in September, the Australian Bureau of Statistics said on Thursday.

That was below forecasts for 5.8 percent and down from the revised 5.7 percent in August (originally 5.8 percent).

The Australian economy added 9,100 jobs to 11,645,800 - missing expectations for an increase of 15,000 following the loss of 10,200 jobs in the previous month.

Full-time employment increased 5,000 to 8,133,700 and part-time employment increased 4,100 to 3,512,100.

Unemployment decreased 14,700 (2.1 percent) to 697,100. The number of persons looking for full-time work decreased 5,000 to 509,200 and the number of persons looking for part-time work decreased 9,800 to 187,900.

The participation rate eased to 64.9 percent - shy of forecasts for 65.0 percent, which would have been unchanged from August.

Aggregate monthly hours worked decreased 6.4 million hours to 1,641.5 million hours.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Global Economics Weekly Update -June 15 - June 19, 2026

June 19, 2026 16:46 ET
Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.