Youth Unemployment Rate in Australia decreased to 11.50 percent in November from 12.50 percent in October of 2019. Youth Unemployment Rate in Australia averaged 13.38 percent from 1978 until 2019, 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. source: Australian Bureau of Statistics
Youth Unemployment Rate in Australia is expected to be 11.50 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 11.50 in 12 months time. In the long-term, the Australia Youth Unemployment Rate is projected to trend around 12.00 percent in 2020, according to our econometric models.