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Australian employment on the rise

Employment figures remain on the increase within Australia, with statistics indicating the unemployment rate has fallen to 5.9 per cent for October 2015.

Australian employment on the rise
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According to figures released by the Australian Bureau of Statistics, seasonally adjusted employment increased by 58,600 persons in October, resulting in a seasonally adjusted unemployment rate of 5.9 per cent (down 0.3 percentage points).

While there was an increase in female part-time and full-time employment, the figures identified a decrease in male part-time employment, down 5,400 persons.

While the seasonally adjusted estimates are more volatile in terms of movement, the trend unemployment rate has remained at 6.1 per cent since March 2015.

Newly appointed Treasurer Scott Morrison spoke of the government's pleasure with the recent figures.

"We are very pleased that 58,600 more Australians went to work in October. The government's plan, our platform, is all about securing growth and more jobs in our economy and to see those results is particularly pleasing for those who are benefiting from that employment," Mr Morrison said.

"These are very good things for our country but they're most important for those who have been able to get themselves into work."

The Treasurer also shrugged off suggestions that the much-debated increase to the GST would dent the current confidence in the economy and promising employment figures.

"The Coalition's record is that when we engage in changing the tax system, we make it a better system."

"When we engage in changing the tax system, we cut taxes, we make the economy stronger. That's why you do it. You do it to build growth in the economy and to support jobs in the economy. We wouldn't contemplate any proposals at the end of the day that don't meet those objectives," Mr Morrison concluded.


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