Australia's unemployment rate rises to 4.3%
Economists had predicted unemployment would remain at 4.2 per cent, a level hit earlier this year for the first time in 33 years.
By Agencies |
SYDNEY: Australia's unemployment rate rose to 4.3 per cent in October from a low of 4.2 per cent the previous month, the Australian Bureau of Statistics (ABS) said on Thursday.
Economists had predicted unemployment would remain at 4.2 per cent, a level hit earlier this year for the first time in 33 years.
The ABS said total employment rose by a seasonally adjusted 12,900 jobs in October to 10.53 million, against economist expectations of a rise of 20,000.
The number of unemployed increased by 15,700 to 478,500.
The number in full-time employment increased by 70,600 to 7.59 million but those in part-time employment decreased by 57,700 to 2.95 million, the ABS said.
Economists had predicted unemployment would remain at 4.2 per cent, a level hit earlier this year for the first time in 33 years.
The ABS said total employment rose by a seasonally adjusted 12,900 jobs in October to 10.53 million, against economist expectations of a rise of 20,000.
The number of unemployed increased by 15,700 to 478,500.
The number in full-time employment increased by 70,600 to 7.59 million but those in part-time employment decreased by 57,700 to 2.95 million, the ABS said.
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