Workflow
澳大利亚10月失业率降至4.3%
Ren Min Wang·2025-11-14 01:30

Core Viewpoint - Australia's unemployment rate decreased from 4.5% in September to 4.3% in October, returning to levels seen from June to August this year [1] Employment Data - In October, the number of employed individuals in Australia increased by 42,200, while the number of unemployed decreased by 17,000 [1] - Full-time employment rose by 55,000, with female full-time employment increasing by 29,000 and male full-time employment by 26,000 [1] - Part-time employment saw a decline of 13,000, primarily due to a decrease of 21,000 in female part-time employment [1] Labor Participation Rate - The labor force participation rate remained steady at 67%, with female participation at 63.1% and male participation at 71% [1] - Monthly hours worked increased by 0.5%, and the underemployment rate fell by 0.2 percentage points to 5.7% [1] Economic Implications - Economists suggest that the decline in the unemployment rate reduces the likelihood of the Reserve Bank of Australia lowering interest rates in the near future [1] - Core inflation has unexpectedly risen, and the tight labor market indicates that there may not be further interest rate cuts in the foreseeable future [1] - The overall labor market and economy remain relatively tight, limiting the Reserve Bank's ability to stimulate stronger economic growth through rate cuts in the short term [1]