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Australia Oct Unemployment Rate 3.7%

MNI (Singapore)

In trend terms, in October 2023:

  • unemployment rate remained at 3.7%.
  • participation rate decreased to 66.8%.
  • employment increased to 14,145,400.
  • employment to population ratio remained at 64.4%.
  • underemployment rate remained at 6.4%.
  • monthly hours worked decreased to 1,937 million.

In seasonally adjusted terms, in October 2023:

  • unemployment rate increased to 3.7%.
  • participation rate increased to 67.0%.
  • employment increased to 14,173,500.
  • employment to population ratio increased to 64.5%.
  • underemployment rate remained at 6.3%.
  • monthly hours worked increased to 1,939 million.
  • full-time employment increased by 17,000 to 9,828,000 people.
  • part-time employment increased by 37,900 to 4,345,500 people.

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