Australia's jobs boom has rolled on for another month, with a better-than-expected 32,800 jobs created in October.

Key points: Full-time jobs account for more than 80pc of new jobs created this year

Full-time jobs account for more than 80pc of new jobs created this year The number of jobs is growing at a solid pace of 2.5pc a year

The number of jobs is growing at a solid pace of 2.5pc a year NSW has the lowest unemployment rate at 4.4pc and Queensland the highest at 6.3pc

That was enough to keep the unemployment rate steady at a six-and-a-half year low of 5 per cent.

In seasonally adjusted terms, full-time jobs jumped by 42,300 over the month, more than offsetting a 5,200 decrease in part-time work.

Australian Bureau of Statistics chief economist Bruce Hockman said it was 25th consecutive monthly increase in full-time employment with an average increase of 20,300 employed per month.

The acceleration in full-time work has seen average hours worked rise by 2.1 per cent over the year.

Slackness in the labour market also appears to be tightening with the underutilisation rate — the combination of the unemployed and those looking for more work — edging down, although remaining high by historical standards.

Indeed's Asia-Pacific economist Callam Pickering described the figures as positive and said they consolidated recent gains.

"Full-time roles have accounted for 83 per cent of employment growth throughout 2018, after accounting for three-quarters of growth last year," Mr Pickering said.

"Australia is creating high-quality roles and that, more than anything, is eating into labour market slack across the country."

Jobs growth yet to fire up wages

While jobs growth has been rolling at 2.5 per cent over the year, it has yet to ignite wages growth.

Capital Economics analyst Marcel Thieliant said wage growth is still unlikely to pick up even if unemployment falls below 5 per cent in coming months.

"The ageing and higher education levels of the workforce coupled with improved job-matching via the internet suggest that the natural unemployment rate may now be as low as 4 per cent," Mr Thieliant said

"What's more, the unemployment rate is not telling the whole story. The seasonally-adjusted underemployment rate remained at 8.3 per cent, underlining that there's still a large number of employees that would like to work additional hours."

Consumer sentiment supported by jobs

Employment growth was strongest in New South Wales with another 16,000 new jobs keeping unemployment at 4.4 per cent in seasonally adjusted terms.

The ACT has a lower rate at 3.7 per cent, although the ABS supplies only trend estimates for the territories.

Queensland is still struggling. Employment ticked down and unemployment jumped to 6.3 per cent. It has now been above 6 per cent since late last year.

ANZ's David Plank said while a number of labour market indicators have eased a touch, the general message they are sending is still one of ongoing job gains and a gradual move lower in the unemployment rate.

"The October data are consistent with this story and help to explain, among other things, the continued resilience of consumer sentiment despite a number of negative factors such as the weakening housing market and equity market volatility," Mr Plank said.

"We don't think the employment report has any implications for the RBA, other than reinforcing the bank's bullish outlook."