Australian Unemployment Rate October 2021.
Unemployment in Australia increased by 81,800 in October 2021, from 625,500 in September up to 708,300 in October.
But, how important is such an increase, when looked at in the long term?
The following graph, showing unemployment rates from 2011, is showing the October 2021 rate (5.2%) as quite reasonable, compared to most previous years.
The September figure of 4.6% being abnormally low.
5.2% Oct 2011
5.4% Oct 2012
5.8% Oct 2013
6.4% Oct 2014
5.9% Oct 2015
5.6% Oct 2016
5.4% Oct 2017
5.0% Oct 2018
5.3% Oct 2019
6.9% Oct 2020
5.2% Oct 2021