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12.11.2015 09:24 Australia's unemployment rate falls to 5.9% in October

The Australian Bureau of Statistics released its labour market data on Thursday. Australia's unemployment rate dropped to 5.9% in October from 6.2% in September. Analysts had expected the unemployment rate to remain unchanged at 6.2%.


The number of employed people in Australia rose by 58,600 in October, beating forecast of a rise by 15,000, after a fall by 800 in September. September's figure was revised up from a drop by 5,100.


Full-time employment rose by 40,000 in October, while part-time employment climbed by 18,600.


The participation rate increased to 65.0% in October from to 64.9% in September.

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