- Members Portal
- ABA Website
ABS: Unemployment down to 3.4%
18 November 2022
Key statistics
In trend terms, in October 2022:
- unemployment rate decreased to 3.4%.
- participation rate remained at 66.6%.
- employment increased to 13,623,700.
- employment to population ratio remained at 64.3%.
- underemployment rate remained at 6.0%.
- monthly hours worked increased to 1,864 million.
In seasonally adjusted terms, in October 2022:
- unemployment rate decreased to 3.4%.
- participation rate remained at 66.5%.
- employment increased to 13,617,900.
- employment to population ratio increased to 64.3%.
- underemployment rate decreased to 5.9%.
- monthly hours worked increased to 1,897 million.
Latest news
Key News: “The Cash Distribution Framework is an important piece of regulatory reform to ensure the continued availability of cash given the decline in its usage and recent uncertainties across the sector.” ABA CEO Simon Birmingham. Media release, 3 September 2026. Media & Communications Update: Political Update: Economic Update: Regulatory Update Upcoming Submissions Selected Media… Read more »
Key News: “You might just think it’s harmless letting somebody access your bank account and getting a few hundred bucks in return, but these are crime syndicates, these are money launderers. You may well be helping to scam a vulnerable Australian out of their life savings.” ABA CEO Simon Birmingham. Interview with 2SM’s Tim Webster,… Read more »
Key News: “Every dollar of bank profits that gets reinvested into bank capital, generates on the analysis we showed this week, $4.70 of economic activity across the Australian economy.” ABA CEO Simon Birmingham. Interview with Ross Greenwood, 21 June. Media & Communications Update: Political Update: Economic Update: Regulatory Update Upcoming Submissions Selected Media Warm regards,The… Read more »