# Australia Employment Falls by 39,300 as Joblessness Holds at 4.7%

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/32311
Published: 2026-10-15T06:04:12.000Z
Updated: 2026-10-15T06:04:12.000Z
Section: Business

> The unemployment rate matched August’s upwardly revised level, exceeded the 4.6% forecast and reached its highest point since October 2021.

Australia’s labor market softened in September, with employment falling by 39,300 people while the unemployment rate stayed at 4.7%, its highest level since October 2021.

The jobless rate matched August’s upwardly revised reading and came in above the 4.6% forecast. Employment declined even as the headline unemployment rate held steady.

In the United States, employers added 29,000 jobs in September as unemployment reached 4.2%. Australia’s 4.7% rate was 0.5 percentage point higher than the U.S. figure.