Unemployment holds steady, fewer looking for work

19 October 2015

 

The ABS released the September Labour Force figures which came in less than the 10k increase which was expected. Commonwealth Bank said the drop does not change the underlying resilience of employment growth as the Australian economy transitions from mining investment and construction to non-mining activities. The unemployment rate remained steady at 6.2% while the participation rate fell 0.2% to 64.9%. Seasonally adjusted jobs fell 5.1k to 11.8m, the result...

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