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.

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Australia Youth Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.50 12.50 20.10 7.60 1978 - 2019 percent Monthly
SA

Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.20 5.30 11.20 4.00 percent [+]
Employed Persons 12954.44 12919.19 12954.44 5997.67 Thousand [+]
Unemployed Persons 708.10 724.89 960.16 364.70 Thousand [+]
Part Time Employment 35698.00 -14319.00 72514.00 -73096.00 Persons [+]
Full Time Employment 4158.00 -10463.00 74789.00 -80833.00 Persons [+]
Employment Change 39856.00 -24782.00 99155.00 -74924.00 Persons [+]
Labor Force Participation Rate 66.00 66.00 66.20 60.10 percent [+]
Youth Unemployment Rate 11.50 12.50 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 62.50 62.90 54.00 percent [+]