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Unemployment rate falls to 5.2 percent

Unemployment made a surprise fall last month, slipping 0.1 percent as the number of people employed in full-time and part-time work jumped.

According to the Australian Bureau of Statistics (ABS), the unemployment rate is sitting at 5.2 percent, falling from 5.3 percent the month previous, despite the fact economists had tipped it to remain steady.

The ABS reported the number of people employed increased by 20,400 to 11,451,200 in September. The increase in employment was driven by an increase in full-time employment, up 10,800 people to 8,044,200, and an increase in part-time employment, up 9,600 people to 3,407,100.

The number of jobless Australians decreased by 3,800 people to total 634,200.

The ABS monthly aggregate hours worked series showed a decrease in September, down 9.4 million hours to 1,615.1 million hours.

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Lorna Brett

Lorna Brett

Lorna was Dynamic Business’ Social Web Editor in 2011/12. She’s a social media obsessed journalist, who has a passion for small business. Outside the 9 to 5, you’re likely to find her trawling the web for online bargains, perfecting her amateur photography skills or enjoying one too many cappucinos. You can follow her on <a href="https://twitter.com/#!/dynamicbusiness">Twitter @DynamicBusiness</a>

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