Unemployment jumps to 4.7%, a near five-year high, as economy sheds 39,300 jobs
Australia's unemployment rate edged up to 4.7 per cent in September, its highest level in nearly five years, after the economy unexpectedly shed 39,300 jobs. Data released by the Australian Bureau of Statistics showed that while full-time employment increased by 34,400 positions, a severe drop of 73,700 part-time roles drove total employment downward, while the participation rate slid to 66.8 per cent. The weakening labour market has sharply altered financial market expectations, reducing the likelihood that the Reserve Bank of Australia will raise the cash rate again at its early November meeting as signs emerge that domestic demand and hiring momentum are deteriorating faster than central bank forecasts predicted. Also in this briefing: Digital duty of care bill tabled, letting Australians switch off feed algorithms; Navy orders fleet-wide bathroom audit after hidden device found on HMAS Leeuwin.
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Australia's unemployment rate climbed to four point seven percent as the economy lost thirty-nine thousand three hundred jobs.
Losses of seventy-three thousand part-time roles offset thirty-four thousand newly added full-time jobs.
Softer labor numbers dropped market forecasts for a central bank interest rate hike below twenty percent.
A proposed digital safety bill would force platforms to let users over sixteen disable algorithmic feeds.
The Australian Navy launched fleet-wide bathroom inspections after discovering a hidden camera on HMAS Leeuwin.
- 01Intro1 min
- 02Unemployment jumps to 4.7%, a near five-year high, as economy sheds 39,300 jobs: The September Contraction2 min
- 03Unemployment jumps to 4.7%, a near five-year high, as economy sheds 39,300 jobs: Policy Impact and Outlook2 min
- 04Digital duty of care bill tabled, letting Australians switch off feed algorithms2 min
- 05Navy orders fleet-wide bathroom audit after hidden device found on HMAS Leeuwin2 min
- 06Outro1 min
- Voice of Australia-VOA
- Unemployment in Australia reaches 4.7%, its highest in nearly five years
- Australian employment falls in September, quashing rate hike risk
- Australia loses 39300 jobs unexpectedly easing bets on another rba rate hike 4950355
- Unemployment climbs as part time jobs drive losses
- Australia unemployment rate holds at 4.7% in September; employment contracts by 39.3K — TradingView News
- Australia's Jobless Rate Climbs to 4.7%, Highest in Nearly Five Years — BigGo Finance
- youtube.com
- Australia introduces digital safety bill allowing users to switch off social media algorithms | The Express Tribune
- Digital duty of care bill introduced to federal parliament
- My Feed, My Way
- Australia’s Digital Duty of Care: What the Online Safety Amendment Bill 2026 Means for Online Services
- Australias new digital duty of care what it means
- Australia introduces bill to let users opt out of social media algorithms 12679536
- 'Digital duty of care' to let Aussies opt out of social media algorithms
- Greens prepare for fight with Labor over social media algorithm reform, with ‘pervert glasses’ in its sights
- U s government response to the australian consultation on the online safety amendment digital duty of care bill 2026
- Australias digital duty of care what the draft bill means for online services
- Australian navy audits fleet bathrooms after hidden camera found on ship - kuwaitTimes
- Video recording device found in cabin of HMAS Leeuwin navy ship in Cairns
- ‘Out of the bag’: Shock find in women’s showers on Aussie navy ship
- youtube.com
- ADF member ‘person of interest’ after video recorder found in HMAS Leeuwin women’s showers
- ADF member ‘person of interest’ after ‘despicable betrayal of trust’ on Navy ship where camera found in women’s shower – as it happened
- Call for independent probe after 'horrific' navy find
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