Australia's seasonally adjusted unemployment rate stood at 5.2 percent in June 2019, unchanged from the previous two month's eighth month-high and matching market expectations. The economy added 500 jobs while the number of unemployed increased by 6,600. Unemployment Rate in Australia averaged 6.83 percent from 1978 until 2019, reaching an all time high of 11.20 percent in December of 1992 and a record low of 4 percent in February of 2008.

Unemployment Rate in Australia is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Australia to stand at 4.80 in 12 months time. In the long-term, the Australia Unemployment Rate is projected to trend around 4.80 percent in 2020, according to our econometric models.

Australia Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-18 01:30 AM Unemployment Rate 5% 4.9% 5% 5%
2019-05-16 01:30 AM Unemployment Rate 5.2% 5.1% 5.1% 5.1%
2019-06-13 01:30 AM Unemployment Rate 5.2% 5.2% 5.1% 5%
2019-07-18 01:30 AM Unemployment Rate 5.2% 5.2% 5.2% 5.10%
2019-08-16 01:30 AM Unemployment Rate 5.2% 5.10%
2019-09-13 01:30 AM Unemployment Rate 5%
2019-10-18 12:30 AM Unemployment Rate 5%



Australia Jobless Rate Holds at 8-Month High in May

Australia's seasonally adjusted unemployment rate stood at 5.2 percent in May 2019, unchanged from the previous month's eighth month-high and above market expectations of 5.1 percent. The economy added 42,300 jobs while the number of unemployed fell by 2,400.

The number of unemployed declined by 2,400 to 704,700 in May 2019. People looking for full-time work were little-changed from the preceding month at 492,900 while those looking for only part-time work dropped 2,400 to 211,700. Male unemployment increased by 5,100, while female unemployment declined 7,500.

Employment jumped 42,300 to 12,868,200 in May, easily beating market consensus of a 17,500 gain and after an upwardly revised 43,100 increase in April. Full-time employed persons advanced 2,400 to 8,792,900, while part-time employed persons went up 39,800 to 4,075,400.

The participation rate edged up 0.1 points from a month earlier to a record-high of 66.0 percent in May, beating forecasts of 65.8 percent. Meantime, the employment to population ratio rose 0.1 points to 62.6, the highest since October 2008.

The underemployment rate gained 0.1 points to 8.6 percent in May while the underutilisation rate remained steady at 13.7 percent.

Seasonally adjusted monthly hours worked in all jobs decreased by 5.9 million hours, or 0.3 percent, to 1,775.0 million hours.


ABS l Rida Husna | rida@tradingeconomics.com
6/13/2019 10:28:46 AM



Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.20 5.20 11.20 4.00 percent [+]
Employed Persons 12868.20 12826.00 12868.20 5997.66 Thousand [+]
Unemployed Persons 704.70 707.00 960.05 364.68 Thousand [+]
Part Time Employment 39837.00 43374.00 72829.00 -73123.00 Persons [+]
Full Time Employment 21100.00 2400.00 74800.00 -80829.00 Persons [+]
Employment Change 500.00 42300.00 99144.00 -74898.00 Persons [+]
Labor Force Participation Rate 66.00 66.00 66.00 60.10 percent [+]
Youth Unemployment Rate 11.90 11.80 20.10 7.60 percent [+]
Productivity 99.90 100.20 104.21 55.70 Index Points [+]
Labour Costs 103.80 103.60 103.80 44.10 Index Points [+]
Job Vacancies 243.20 244.90 244.90 28.40 Thousand [+]
Job Advertisements 159717.11 152736.83 258085.03 69798.90 [+]
Wages 1225.30 1207.40 1225.30 59.10 AUD/Week [+]
Wages In Manufacturing 1340.30 1304.50 1340.30 333.00 AUD/Week [+]
Wage Growth 2.30 2.30 4.30 1.90 percent [+]
Minimum Wages 740.80 719.20 740.80 522.12 AUD/week [+]
Population 25.18 24.70 25.18 10.39 Million [+]
Retirement Age Women 65.50 65.50 65.50 62.00 [+]
Retirement Age Men 65.50 65.50 65.50 65.00 [+]
Living Wage Family 2790.00 2920.00 2920.00 2770.00 AUD/Month [+]
Living Wage Individual 1770.00 1820.00 1820.00 1750.00 AUD/Month [+]
Wages Low Skilled 2710.00 2670.00 2710.00 2670.00 AUD/Month [+]
Wages High Skilled 6120.00 6250.00 6250.00 6120.00 AUD/Month [+]
Employment Rate 62.60 62.50 62.90 54.00 percent [+]


Australia Unemployment Rate

In Australia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Australia Unemployment Rate at 5.8% in December - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.20 5.20 11.20 4.00 1978 - 2019 percent Monthly
SA




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 13.00 Apr/19
Brazil 12.30 May/19
Argentina 10.10 Mar/19
Italy 9.90 May/19
France 8.70 Mar/19
Euro Area 7.50 May/19
India 6.00 Dec/18
Saudi Arabia 5.70 Mar/19
Canada 5.50 Jun/19
Australia 5.20 Jun/19
Indonesia 5.01 Mar/19
Russia 4.40 Jun/19
South Korea 4.00 Jun/19
United Kingdom 3.80 May/19
United States 3.70 Jun/19
China 3.67 Mar/19
Mexico 3.50 May/19
Netherlands 3.30 May/19
Germany 3.10 May/19
Japan 2.40 May/19
Singapore 2.20 Mar/19
Switzerland 2.10 Jun/19


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