Part-time surge staves off jobless rate

In a sign the bounce in business confidence still hasn’t translated into increased investment and hiring, Australia’s jobless rate clocked in at 5.7 per cent for October.
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It was unchanged from the previous month, but only because the September figures was revised higher.

The Australian Bureau of Statistics previously put September’s jobless rate at 5.6 per cent.
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Businesses are opting not to employ staff full time, instead taking on part-time workers and increasing hours for existing staff, the workforce figures show.
The participation rate – the share of the working-age population in or looking for work – has fallen from an average of 65.5 per cent across 2011 to 64.8 per cent.

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