Australia Jobless Rate Steady At 5.0% In October

The unemployment rate in Australia came in at a seasonally adjusted 5.0 percent in October, the Australian Bureau of Statistics said on Thursday.

That was unchanged from the September reading, although it was beneath expectations for 5.1 percent.

The Australian economy added 32,800 jobs last month - beating forecasts for 20,000 following the addition of 7,800 jobs in the previous month.

The participation rate was 65.6 percent - exceeding expectations for 65.5 percent, which would have been unchanged.

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