Australia's seasonally adjusted unemployment rate inched lower to 4.9 percent in February 2019 from 5.0 percent in the previous month and below market expectations of 5.0 percent. It was the lowest jobless rate since June 2011. The economy added 4,600 jobs while the number of unemployed declined by 11,700. Unemployment Rate in Australia averaged 6.84 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 5.10 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 4.90 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
2018-12-20 12:30 AM Unemployment Rate 5.1% 5% 5% 5.1%
2019-01-24 12:30 AM Unemployment Rate 5% 5.1% 5.1% 5.1%
2019-02-21 12:30 AM Unemployment Rate 5% 5% 5% 5%
2019-03-21 12:30 AM Unemployment Rate 4.9% 5% 5% 5%
2019-04-18 01:30 AM Unemployment Rate 4.9% 5%
2019-05-16 01:30 AM Unemployment Rate 5.1%
2019-06-14 01:30 AM Unemployment Rate 5%



Australia Jobless Rate Lowest since 2011

Australia's seasonally adjusted unemployment rate inched lower to 4.9 percent in February 2019 from 5.0 percent in the previous month and below market expectations of 5.0 percent. It was the lowest jobless rate since June 2011. The economy added 4,600 jobs while the number of unemployed declined by 11,700.

The number of unemployed decreased by 11,700 to 664,300 in February. People looking for full-time work declined by 4,500 to 457,100, and those looking for only part-time work fell 7,200 to 207.2. Male unemployment declined 900 and female unemployment dropped 12,600.

Employment went up 4,600 to 12,763,400, missing market consensus of a 14,000 gain and after a downwardly revised 38,300 increase in January. Part-time employed persons rose 11,900 to 4,020,700, while full-time employed persons fell 7,300 to 8,742,700 

The participation rate dropped 0.1 points from a month earlier to 65.6 percent, lower than forecasts of 65.7 percent. Meantime, the employment to population ratio fell 0.1 percentage points to 62.3 percent.

The underemployment rate declined 0.1 points to 8.1 percent in February. 

Seasonally adjusted monthly hours worked in all jobs increased by 3.1 million hours, or 0.2 percent, to 1,769.9 million hours.


ABS l Rida Husna | rida@tradingeconomics.com
3/21/2019 11:53:41 AM



Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.90 5.00 11.20 4.00 percent [+]
Employed Persons 12763.39 12758.79 12763.39 5997.65 Thousand [+]
Unemployed Persons 664.29 675.97 960.03 364.66 Thousand [+]
Part Time Employment 11872.00 -27293.00 72771.00 -73089.00 Persons [+]
Full Time Employment -7272.00 65623.00 82304.00 -80828.00 Persons [+]
Employment Change 4600.00 38330.00 99137.00 -74887.00 Persons [+]
Labor Force Participation Rate 65.60 65.70 65.80 60.10 percent [+]
Youth Unemployment Rate 11.10 11.40 20.10 7.60 percent [+]
Productivity 100.30 100.70 104.21 58.20 Index Points [+]
Labour Costs 103.60 102.20 103.60 45.40 Index Points [+]
Job Vacancies 242.90 240.90 242.90 28.40 Thousand [+]
Job Advertisements 169568.00 171033.00 258084.00 69799.00 [+]
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 719.20 694.90 719.20 522.12 AUD/week [+]
Population 24.70 24.13 24.70 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 62.30 62.40 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.90 5.00 11.20 4.00 1978 - 2019 percent Monthly
SA




Country Last Previous
South Africa 27.10 Dec/18
Spain 14.45 Dec/18
Turkey 13.50 Dec/18
Brazil 12.00 Jan/19
Italy 10.50 Jan/19
Argentina 9.10 Dec/18
France 8.80 Dec/18
Euro Area 7.80 Jan/19
India 6.10 Dec/18
Saudi Arabia 6.00 Sep/18
Canada 5.80 Feb/19
Indonesia 5.34 Sep/18
Australia 4.90 Feb/19
Russia 4.90 Feb/19
United Kingdom 3.90 Jan/19
China 3.80 Dec/18
United States 3.80 Feb/19
South Korea 3.70 Feb/19
Mexico 3.60 Jan/19
Netherlands 3.40 Feb/19
Germany 3.20 Jan/19
Switzerland 2.70 Feb/19
Japan 2.50 Jan/19
Singapore 2.20 Dec/18


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