Australia unemployment rises to 4.3 pct in September
Friday, 10 October 2008
SYDNEY, Oct 9 (AFP): Australia's unemployment rate rose to 4.3 per cent in September from 4.1 per cent a month earlier, with only 2,200 new jobs added to the country's workforce, official figures showed today.
The figures, released by the Australian Bureau of Statistics, were in line with market expectations and came as the economy slows amid a global financial crisis.
The number of people employed full-time dropped by 15,400, while part-time jobs rose by 17,700 as more people moved into casual positions with full- time positions being squeezed.
The seasonally-adjusted workforce participation rate-the proportion of working-age people at work or actively seeking work -- however remained at 65.1 per cent in September.
The figures, released by the Australian Bureau of Statistics, were in line with market expectations and came as the economy slows amid a global financial crisis.
The number of people employed full-time dropped by 15,400, while part-time jobs rose by 17,700 as more people moved into casual positions with full- time positions being squeezed.
The seasonally-adjusted workforce participation rate-the proportion of working-age people at work or actively seeking work -- however remained at 65.1 per cent in September.