Australia full-time job growth slows, unemployment rate drops in September

The seasonally adjusted data released this Thursday showed the Australian economy added 19.8K jobs in September, beating the estimated rise of 15.0K. The details show the full-time job growth slowed, while the unemployment rate dropped.

Key points

Jobless rate 5.5% in September versus 5.6% expected and 5.6% in August

Full-time employment change +6.1k in September versus +40.1k in August

Part-time employment change +13.7K in September versus +14.1K in August

Participation rate ticked dropped slightly to 65.2% as expected from the previous month's figure of 65.3%.