Unemployment rate slipped to 4.3 percent in September

The unemployment rate reinforces the view that there are still short-term inflationary pressures in the economy, writes KPMG Senior Economist Terry Rawnsley.

Australia's unemployment rate has dropped to 4.3 percent after rising to 4.5 percent in September, with the number of people employed increasing by 42,200, driven by a surge in full-time employment of 55,300 jobs. The labour force data from the Australian Bureau of Statistics (ABS) paints a more positive picture than last month. The figures show that the labour market is proving resilient. Despite some challenging economic headwinds, both employment and hours worked have increased signific...

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Authors: Terry Rawnsley

Published Date: 14 November 2025