Australian Job Market Surges with Record Full-Time Employment

The unemployment rate remains steady at 4.1% as over 64,000 jobs are added in September, defying economic slowdown expectations.

Australia's participation rate reached an all-time high of 67.2%, indicating robust engagement in the labor force.
Full-time employment saw a significant boost, contributing 51,600 of the 64,100 new jobs recorded in September.
The Australian Bureau of Statistics revised the previous month's unemployment rate down to 4.1%, maintaining this level for six months.
Despite the strong job market, female unemployment in Victoria rose to 4.9%, highlighting regional disparities.
The Reserve Bank of Australia is expected to delay interest rate cuts until mid-2025, as the labor market remains tight.