Published 23 October 2026, in Macro & Rates. Five-minute read. For members.
Australian jobs fall as unemployment holds
Australian employment fell in September 2026, a figure the ABS published with survey and weighting caveats, while the published unemployment rate was unchanged.
Australian employment fell by 39,300 in September 2026; the ABS flags possible residual effects from Supplementary Survey changes, survey-modernisation rotation and a Victorian weighting adjustment, and says the data are fit for use. The seasonally adjusted unemployment rate was unchanged from August on published figures, and trend unemployment was flat. Participation eased. September CPI is due on 28 Oct 2026 and the RBA decision on 3 Nov 2026. Our view is Neutral.
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