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Australia’s unemployment rate rises

Rina Kumari by Rina Kumari
Thursday, November 7th, 2013
in Business, Featured, World
0
Australia’s unemployment rate rises

unemployment-rateSydney, November 7  Australia’s unemployment rate raised 0.1 % points to 5.7 % in October, the Australian Bureau of Statistics (ABS) reported Thursday.

Figures given by the ABS showed the number of individuals unemployed rose by 9,100 to 709,300 in October.

The October unemployed rate was in line with economists’ forecasts.

The ABS reported the entire number of individuals employed increased by 1,100 to 11,639,200 in October.

Full-time employment down with 27,900 to 8,094,700 in October, while part-time employment was up 28,900 to 3,544,500.

The labour force participation rate was steady at 64.8 % in October, the ABS said.

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