Job Market Stagnates as 4.1 Percent Unemployment Rate Continues for 3rd Month

While employment grew by a modest 15,900 jobs in October, it still fell short of the predicted 25,000 new job vacancies.

Two roofers install a roof on a new home in Albany, Western Australia, on Aug. 16, 2024. Susan Mortimer/The Epoch Times

The number of available jobs in Australia has undershot estimates predicted by forecasters, with the nation’s unemployment rate sitting at 4.1 percent for the third consecutive month.

Australian Bureau of Statistics (ABS) data shows an increase of 15,900 jobs in October, falling short of the estimated 25,000 new job vacancies.