There is growing evidence the jobs market is starting to struggle under the weight of high interest rates despite new figures showing a small fall in unemployment.
Since June, total full-time employment has tumbled by 53,200 while part-time employment has jumped by 122,400. In Western Australia, unemployment fell half a percentage point to 3.3 per cent, but it was again driven by a collapse in participation, which slipped by 0.7 percentage points.The bureau’s head of labour statistics, Kate Lamb, said there had been a 20,000 drop in the number of unemployed people during the month.
“The fall in the unemployment rate in September mainly reflected a higher proportion of people moving from being unemployed to not in the labour force.”
Source: Loan Digest (loandigest.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia’s jobless rate fell to 3.6% in September despite almost 40,000 jobs being shedUnemployment rate was 3.6% in September compared with reported 3.7% in August, the Australian Bureau of Statistics says
Source: GuardianAus - 🏆 1. / 98 Read more »
How to continue the fight for Indigenous rights – Full Story podcastLaura Murphy-Oates speaks to Widjabul Wia-bal woman and GetUp chief executive Larissa Baldwin-Roberts about the agenda for Black justice after the voice proposal was rejected
Source: GuardianAus - 🏆 1. / 98 Read more »
Perth chef comes full circle after Tinseltown trip to stoke the flame at SantiniAfter nearly three years in Hollywood, Nick Wood has returned to Santini. Sort of.
Source: brisbanetimes - 🏆 13. / 67 Read more »
New Zealand’s shift to the right – Full Story podcastJournalist Eva Corlett on why so many voted for change and what a National government might mean for the country
Source: GuardianAus - 🏆 1. / 98 Read more »
Unemployment rate falls to 3.6 per cent, raising chances of another RBA rate hikeAustralia&x27;s unemployment rate has fallen 0.1 per cent in September, further raising the possibility the Reserve Bank of Australia (RBA) will increase interest rates when it meets in November.
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Aussie TV host busted four times legal limitAustralian TV journalist Natasha Exelby has taken “full responsibility” after she was caught driving on a suspended license while four times over the legal alcohol limit.
Source: newscomauHQ - 🏆 9. / 77 Read more »