Australia’s unemployment rate stabilised at 3.5 percent in September, with a slight increase in the number of employed people.
Data from the Australian Bureau of Statistics (ABS) showed that employment rose by 900 in the month, far below the 33,500 recorded in August, while the number of people without a job climbed by 8,800.
In addition, the participation and underemployment rates remained stable at 66.6 percent and six percent, respectively.
“With employment increasing slightly, by around 1000 people, and the number of unemployed increased by 9000, the unemployment rate rose by less than 0.1 percentage point but remained at 3.5 percent in rounded terms,” ABS’s head of labour statistics Bjorn Jarvis explained….