Australia's seasonally adjusted unemployment rate fell to 5.1 percent in December 2019 from 5.2 percent in the previous month and below market expectations of 5.2 percent. It is the lowest jobless rate since March, as the number of unemployed people fell by 12,900 to 693,100 while employment rose by 28,900 to 12,981,600. Part-time employment increased by 29,200 to 4,146,900 people while full-time employment dropped by 300 to 8,834,700. Meantime, the participation rate was unchanged at 66.0 percent, remaining at its lowest level since June and matching forecasts. The underemployment rate was at 8.3 percent in December, the same as in the prior month while the underutilisation rate dropped 0.1 points to 13.4 percent. Monthly hours worked in all jobs went up by 8.2 million hours, or 0.5 percent to 1,791.1 million hours. Unemployment Rate in Australia averaged 6.81 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. source: Australian Bureau of Statistics

Unemployment Rate in Australia is expected to be 5.40 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 5.50 in 12 months time. In the long-term, the Australia Unemployment Rate is projected to trend around 5.70 percent in 2020, according to our econometric models.

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Australia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.20 11.20 4.00 1978 - 2019 percent Monthly
SA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-17 12:30 AM Sep 5.2% 5.3% 5.3% 5.3%
2019-11-14 12:30 AM Oct 5.3% 5.2% 5.3% 5.2%
2019-12-19 12:30 AM Nov 5.2% 5.3% 5.3% 5.3%
2020-01-23 12:30 AM Dec 5.1% 5.2% 5.2% 5.2%
2020-02-20 12:30 AM Jan 5.1% 5.2%


News Stream
2019-12-19
Australia Jobless Rate Unexpectedly Falls
Australia's seasonally adjusted unemployment rate edged down to 5.2 percent in November 2019 from 5.3 percent in the previous month, and slightly below market forecasts of 5.3 percent. The number of unemployed fell by 16,800 while employment rose by 39,900.

2019-11-14
Australia Jobless Rate Inches Higher to 5.3% in October
Australia's seasonally adjusted unemployment rate rose to 5.3 percent in October 2019 from 5.2 percent in the previous month and matching market expectations. The number of unemployed increased by 17,100 while employment unexpected fell for the first time in 17 months (-19,000).

2019-10-17
Australia Jobless Rate Below Estimates in September
Australia's seasonally adjusted unemployment rate unexpectedly edged down to 5.2 percent in September 2019 from a year-high of 5.3 percent in the previous month and below market expectations of 5.3 percent. The jobless rate fell for the first time in seven months, as the number of unemployed decreased by 8,100 while employment rose by 14,700.

2019-09-19
Australia Jobless Rate Highest in a Year
Australia's seasonally adjusted unemployment rate edged up to 5.3 percent in August 2019 from 5.2 percent in the previous month and in line with market expectations. It was the highest jobless rate since August last year, as the number of unemployed increased by 4,100 and employment rose by 34,700.

2019-08-15
Australia Jobless Rate Holds Steady at 5.2%
Australia's seasonally adjusted unemployment rate stood at 5.2 percent in July 2019, unchanged from the previous month and in line market expectations. The economy added 41,100 jobs while the number of unemployed rose by 800.

2019-07-18
Australia Jobless Rate Steady at Highest Since August 2018
Australia's seasonally adjusted unemployment rate was unchanged at 5.2 percent in June 2019, remaining at its highest level since August last year and matching market expectations. The economy added only 500 jobs while the number of unemployed increased by 6,600.


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.

Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.10 5.20 11.20 4.00 percent [+]
Employed Persons 12981.65 12952.75 12981.65 5997.67 Thousand [+]
Unemployed Persons 693.14 706.00 960.15 364.70 Thousand [+]
Part Time Employment 29200.00 35100.00 72500.00 -73000.00 Persons [+]
Full Time Employment -300.00 3300.00 74800.00 -80800.00 Persons [+]
Employment Change 28900.00 38500.00 99200.00 -74900.00 Persons [+]
Labor Force Participation Rate 66.00 66.00 66.20 60.10 percent [+]
Youth Unemployment Rate 11.50 11.50 20.10 7.60 percent [+]
Labour Costs 104.20 103.40 104.20 43.30 points [+]
Productivity 100.10 99.90 104.21 55.70 points [+]
Job Vacancies 237.10 236.50 244.90 28.40 Thousand [+]
Job Advertisements 142569.00 152817.00 258085.00 69799.00 [+]
Wages 1237.90 1225.30 1237.90 59.10 AUD/Week [+]
Wage Growth 2.20 2.30 4.30 1.90 percent [+]
Wages In Manufacturing 1338.30 1340.30 1340.30 333.00 AUD/Week [+]
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 High Skilled 6120.00 6250.00 6250.00 6120.00 AUD/Month [+]
Wages Low Skilled 2710.00 2670.00 2710.00 2670.00 AUD/Month [+]
Employment Rate 62.60 62.60 62.90 54.00 percent [+]