Australia's seasonally adjusted unemployment rate inched higher to 5.1 percent in November of 2018 from a 6-1/2-year low of 5 percent in the previous two months and slightly above market consensus of 5 percent. The economy added 37,000 jobs while the number of unemployed increased 12,500. Unemployment Rate in Australia averaged 6.85 percent from 1978 until 2018, 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 5.20 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 5.00 in 12 months time. In the long-term, the Australia Unemployment Rate is projected to trend around 5.30 percent in 2020, according to our econometric models.

Australia Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-13 01:30 AM Unemployment Rate 5.3% 5.3% 5.3% 5.4%
2018-10-18 12:30 AM Unemployment Rate 5% 5.3% 5.3% 5.4%
2018-11-15 12:30 AM Unemployment Rate 5% 5% 5.1% 5.1%
2018-12-20 12:30 AM Unemployment Rate 5.1% 5% 5% 5.1%
2019-01-24 12:30 AM Unemployment Rate 5.1% 5.20%
2019-02-21 12:30 AM Unemployment Rate 5.30%
2019-03-21 12:30 AM Unemployment Rate 5.30%



Australia Jobless Rate Edges Up to 5.1% in November

Australia's seasonally adjusted unemployment rate inched higher to 5.1 percent in November of 2018 from a 6-1/2-year low of 5 percent in the previous two months and slightly above market consensus of 5 percent. The economy added 37,000 jobs while the number of unemployed increased 12,500.

In November, the number of unemployed increased by 12,500 to 683,100, as people looking for full-time work rose 24,800 to 470,000, while those looking only for part-time work fell 12,200 to 213,200. Male unemployment went up 11,500 persons and female unemployment rose 1,000 persons.

Employment surged 37,100 to 12,694,300, easily beating market consensus of an increase of 20,000. Part-time employment increased 43,400 to 4,009,600, while full-time employment decreased 6,400 to 8,684,600.

The labor force participation rate rose 0.2 points from a month earlier to 65.7 percent and slightly above forecasts of  65.6 percent. Meantime, the employment to population ratio rose by 0.1 percentage points to 62.3 percent.

Seasonally adjusted monthly hours worked in all jobs decreased 3.3 million hours, or 0.2 percent, to 1,759.5 million hours.


ABS l Rida | rida@tradingeconomics.com
12/20/2018 1:41:23 AM



Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.10 5.00 11.20 4.00 percent [+]
Employed Persons 12694.26 12657.25 12694.26 5997.80 Thousand [+]
Unemployed Persons 683.12 672.05 959.99 364.64 Thousand [+]
Part Time Employment 43422.00 -10828.00 72855.00 -73115.00 Persons [+]
Full Time Employment -6400.00 39500.00 81000.00 -81000.00 Persons [+]
Employment Change 37011.00 28651.00 99080.00 -75004.00 Persons [+]
Labor Force Participation Rate 65.70 65.50 65.80 60.10 percent [+]
Youth Unemployment Rate 11.50 11.30 20.10 7.60 percent [+]
Productivity 100.70 101.80 104.21 58.20 Index Points [+]
Labour Costs 102.20 100.60 102.50 45.40 Index Points [+]
Job Vacancies 242.90 240.90 242.90 28.40 Thousand [+]
Job Advertisements 175428.00 175510.00 258085.00 69799.00 [+]
Wages 1207.40 1191.50 1207.40 59.10 AUD/Week [+]
Wage Growth 2.30 2.10 4.30 1.90 percent [+]
Wages In Manufacturing 1304.50 1309.40 1309.40 333.00 AUD/Week [+]
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 62.20 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.00 11.20 4.00 1978 - 2018 percent Monthly




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.60 Nov/18
Turkey 11.60 Oct/18
Italy 10.50 Nov/18
France 9.10 Sep/18
Argentina 9.00 Sep/18
Euro Area 7.90 Nov/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Dec/18
Indonesia 5.34 Sep/18
Australia 5.10 Nov/18
Russia 4.80 Nov/18
United Kingdom 4.10 Oct/18
United States 3.90 Dec/18
China 3.82 Sep/18
South Korea 3.80 Dec/18
India 3.52 Dec/17
Netherlands 3.50 Nov/18
Germany 3.30 Nov/18
Mexico 3.30 Nov/18
Switzerland 2.70 Dec/18
Japan 2.50 Nov/18
Singapore 2.10 Sep/18


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