Australia’s jobless rate fell to 3.6% in September despite 40,000 full-time jobs being shed

Unemployment rate was 3.6% in September compared with reported 3.7% in August, the Australian Bureau of Statistics says

Australia’s jobless rate fell last month even as employers shed almost 40,000 full-time positions, sending mixed signals as to the need for another Reserve Bank interest rate rise to cool the economy.

The unemployment rate was 3.6% in September compared with a reported 3.7% in August, the Australian Bureau of Statistics said on Thursday. Economists had forecast the jobless level would remain unchanged at 3.7%.