Australia's unemployment rate rose to a five-year high of 4.7% in September, up steadily from 4.1% in January. The increase came from a 39,300 fall in employment, partly offset by 31,400 fewer people looking for work, leaving 8,900 more people unemployed. Full-time employment rose by 34,300 while part-time jobs fell by 73,600, lifting underemployment to 6.3%. Market expectations of a rate rise in early November fell from 30% to 18% ahead of the RBA's meeting on Melbourne Cup Day. Governor Michele Bullock had said unemployment might need to rise to 4.5–5%, and 5% would mean about 45,700 more unemployed than in September.
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Related tickers and likely impact
AUD/USD
▼ Likely negativeRelevance: high
| Market | Currencies |
|---|---|
| Close on 10/14/2026 | 0.69726 |
| Change that session | -0.16% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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