The participation rate in Australia edged up 0.1 points from a month earlier to a record-high of 66.0 percent in May 2019, beating forecasts of 65.8 percent. Labor Force Participation Rate in Australia averaged 63.31 percent from 1978 until 2019, reaching an all time high of 66 percent in May of 2019 and a record low of 60.10 percent in April of 1983.
Labor Force Participation Rate in Australia is expected to be 65.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Australia to stand at 65.60 in 12 months time. In the long-term, the Australia Labor Force Participation Rate is projected to trend around 66.10 percent in 2020, according to our econometric models.