Australia Unemployment Rate Steady At 5.6% In October

The unemployment rate in Australia came in at a seasonally adjusted 5.6 percent in October, the Australian Bureau of Statistics said on Thursday.

That was beneath expectations for 5.7 percent and unchanged from the September reading.

The Australian economy added 9,800 jobs in October - again missing expectations for an increase of 15,000 following the loss of 9,800 jobs in the previous month.

The participation rate was steady at 64.4 percent, shy of forecasts for 64.6 percent.

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