Jobless rate lifts to 7pc but almost 179,000 people get work in October

The share of the workforce in part-time work has increased by 0.8 percentage points over the past year to 32.3 per cent.

Before the coronavirus pandemic, a record 13 million people held a job in February, with the unemployment rate at 5.1 per cent.

Analysts had been expecting a lift in the jobless rate due to the then-ongoing restrictions in Victoria as well as the reduction in the federal government’s JobKeeper wage subsidy in the last week of September.

Monthly hours worked jumped by 21 million hours, while the under-employment rate fell a percentage point to 10.4 per cent.

The NSW unemployment rate improved by 0.7 percentage points to 6.5 per cent, while the measure deteriorated by 0.7 percentage points in Victoria to 7.4 per cent.

Victoria’s under-employment rate is now by far the highest in the country at 13 per cent.

Joblessness was relatively flat in Queensland, South Australia, ACT and Western Australia.

However, there was a spike in Tasmania of 0.6 percentage points to 8.2 per cent and 1 percentage point in the Northern Territory to 5.7 per cent.

Despite the modest increase in overall unemployment, the youth jobless rate jumped by a full percentage point to 15.6 per cent.

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