Australia’s seasonally adjusted unemployment rate declined to 4.3% in October 2025, below market expectations of 4.4% and down from September’s 4.5%, which was the highest jobless rate since November 2021. The number of unemployed people fell by 17,000 to 665,400. Among them, the number of people seeking part-time jobs fell by 4,600 to 223,800, while those looking for full-time jobs declined by 12,200 to 441,600. Meanwhile, employment increased by 42,200 to a record high of 14.68 million, surpassing forecasts for a 20,000 rise, following an upwardly revised gain of 12,700 in September. Full-time employment increased by 55,300 to 10.14 million, while part-time employment dropped by 13,100 to 4.54 million. The participation rate was unchanged at 67.0%. The underemployment rate fell to 5.7% from 5.9% in September. Additionally, total monthly hours worked across all jobs advanced by 11 million to 1,999 million.