The ABS has just released its labour force survey for September, which recorded that the seasonally-adjusted unemployment rate remained steady at 6.2%, but decreased by 0.1 pts based on unrounded estimates, with employment falling by 5,100 to 11,769,900 on the back of a 13,900 decline in full-time jobs:
Below are the key changes in seasonally adjusted terms:
◾Employment decreased 5,100 to 11,769,900. Full-time employment decreased 13,900 to 8,124,400 and part-time employment increased 8,900 to 3,645,500.
◾Unemployment decreased 8,100 to 772,500. The number of unemployed persons looking for full-time work decreased 6,000 to 556,100 and the number of unemployed persons only looking for part-time work decreased 2,200 to 216,500.
◾Unemployment rate remained at 6.2%, but decreased 0.1 pts based on unrounded estimates.
◾Participation rate decreased to 64.9%, a 0.2 pts decrease based on unrounded estimates.
◾Monthly hours worked in all jobs increased 12.2 million hours (0.7%) to 1,638.0 million hours.
I’ll report back later with my usual detailed report.
