The Aporia
Hutchens, G., & Khadem, N. (2026, October 15). Unemployment rate remains at 4.7pc in September. ABC News (AU). https://www.abc.net.au/news/2026-10-15/unemployment-rate-september-2026-australia/107268870
Hutchens, Gareth, and Nassim Khadem. “Unemployment rate remains at 4.7pc in September.” ABC News (AU), 15 Oct. 2026, https://www.abc.net.au/news/2026-10-15/unemployment-rate-september-2026-australia/107268870.
Hutchens, Gareth, and Nassim Khadem. “Unemployment rate remains at 4.7pc in September.” ABC News (AU), October 15, 2026. https://www.abc.net.au/news/2026-10-15/unemployment-rate-september-2026-australia/107268870.
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As of September 2026, Australia's unemployment rate remained steady at 4.7%, marking its highest level since October 2021 and above market expectations. Employment decreased by 39,300 jobs nationwide, while the number of unemployed people increased by 8,900. This trend continues a gradual easing in labor market conditions since early 2026. The participation rate, which measures those in work or actively seeking employment, unexpectedly fell to 66.8%. The Reserve Bank of Australia (RBA) is under pressure to refrain from further interest rate hikes following the release of these figures, with the official cash rate already at a 15-year high of 4.6% as of September end. Leading indicators suggest labor market conditions may stabilize, but concerns persist about higher unemployment being necessary to curb inflation due to weak productivity growth.