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Unemployment edges higher in October

Staff Reporter 1 minute read

The unemployment rate crept slightly higher in October to 5.8 per cent, narrowing the likelihood of a third consecutive rate increase next month.

According to figures released by the Australian Bureau of Statistics (ABS) yesterday, the unemployment rate rose 0.1 point to 5.8 per cent seasonally adjusted.

The male unemployment rate increased 0.2 points to 6.0 per cent while the female unemployment rate remained steady at 5.6 per cent.

The total number of unemployed persons increased 11,100 to 670,100.

The number of persons looking for full-time work increased 3,500 to 501,100 and the number of persons looking for part-time work increased 7,600 to 169,000.

Unemployment edges higher in October
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