Youth Unemployment Rate in Australia decreased to 11.20 percent in December from 11.50 percent in November of 2018. Youth Unemployment Rate in Australia averaged 13.42 percent from 1978 until 2018, reaching an all time high of 20.10 percent in October of 1992 and a record low of 7.60 percent in August of 2008.
Youth Unemployment Rate in Australia is expected to be 12.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in Australia to stand at 12.50 in 12 months time. In the long-term, the Australia Youth Unemployment Rate is projected to trend around 13.00 percent in 2020, according to our econometric models.