Investing.com - Australia's unemployment rate for October was recorded at 3.7%, aligning with expectations and showing a slight increase from the previous month's rate of 3.6%. This data was released by the Australian Bureau of Statistics (ABS) on Thursday.
Moreover, the Australian employment change for October far exceeded expectations, with an addition of 55K jobs. This figure significantly surpasses the forecasted consensus of 20K and indicates a substantial improvement from the 6.7K jobs added in September.