Australia Unemployment Rate Rises to 4.7% in September as Jobs Contract

Key Facts

1Australia's unemployment rate hit 4.7% in September, missing the expected 4.6%.

2Total employment fell by 39.3K, significantly missing the expected 20.0K gain.

3Full-time employment saw a gain of 34.4K despite the overall headline decline.

Australia's unemployment rate rose to 4.7% in September 2026, missing the 4.6% forecast. According to investinglive.com, total employment fell by 39.3K jobs, a significant deviation from the expected gain of 20K positions.

The underlying data showed a gain of 34.4K full-time jobs despite the headline decline in overall employment. This labor market cooling follows a drop in NAB Business Confidence to -13 reported on October 13, 2026, reflecting broader economic pressures in the region.