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Aust jobless rate steady at 5.4% in Oct

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AAP

2012-11-08

Australia's unemployment rate was steady at 5.4 per cent in October, official figures show.

Total employment rose 10,700 to 11.523 million in October, according to the seasonally adjusted figures released by the Australian Bureau of Statistics on Thursday.

The forecast was for total employment to rise by 5,000 in October with the unemployment rate at 5.5 per cent, according to the median of 16 market economists surveyed by AAP.

Full-time employment rose by 18,700 to 8.13 million in October and part-time employment was down 8,000 to 3.393 million.

The October participation rate was 65.1 per cent, compared with 65.2 per cent in September.

The October participation rate was forecast to be 65.2 per cent.