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Trend unemployment rate steady at 5.3%
Australia's trend unemployment rate remained steady at 5.3 per cent in October 2019, according to the latest information released by the Australian Bureau of Statistics (ABS) today. ABS Chief Economist Bruce Hockman said: "Trend unemployment in October 2019 remained steady at 5.3 per cent, 0.2 percentage points higher than the same time last year." "The increase in the unemployment rate over the past year has coincided with a 0.5 percentage point increase in the participation rate, from 65.6 per cent to 66.1 per cent," said Mr Hockman. Employment and hours In October 2019, trend monthly employment increased by around ... (full story)
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