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Australia Jobless Rate Falls To 5.5% In September

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The unemployment rate in Australia was a seasonally adjusted 5.5 percent in September, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for 5.6 percent, which would have been unchanged from the August reading.

The Australian economy added 19,800 jobs to 12,290,200 in September, beating forecasts for an addition of 15,000 jobs following the addition of 54,200 jobs in the previous month.

The participation rate came in at 65.2 percent, in line with forecasts and unchanged from the previous month following a downward revision from 65.3 percent.

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.

Monthly hours worked in all jobs increased 11.2 million hours (0.7 percent) to 1,718.2 million hours.

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