53,000 full-time jobs lost in Australia
MORE than 50,000 full-time jobs disappeared in Australia last month - replaced by more than 40,000 part-time positions.
Despite this, Australia's official unemployment rate has fallen to 5.6% - only because the number of people looking for work dropped.
There are now 54,100 less full-time jobs than nine months ago and 130,000 more part-time jobs.
The fall in unemployment was driven by a drop in the participation rate - those looking for work - from 64.7 to 64.5 per cent.
The Bureau of Statistics estimates that 53,000 full-time positions disappeared in September, only partly replaced by 43,200 new part-time jobs.
Work out what we are good at, start your own businesses, says @MsGraceCollier @RichardDiNatale disagrees #QandA https://t.co/Y1vQstWsdW
— ABC Q&A (@QandA) October 17, 2016
