Australia Unemployment RateDecember 2022 Data - 1978-2021 Historical

Australia's seasonally adjusted unemployment rate stood at an unexpected 3.5% in December 2022, unchanged from an upwardly revised figure in November and compared with market estimates of 3.4%. The latest print remained near five-decade lows, as the number of unemployed increased by 5,800 to 499,800. People looking for full-time jobs rose by 1,400 to 326,100, and those seeking part-time jobs - by 4,400 to 173.600. At the same time, employment fell by 14,600 to 13.75 million, the first drop since July, missing forecasts of a 22,500 growth. Part-time employment declined by 32,200 to 4,128,100, and full-time employment surged by 17,600 to 9,619,000. The participation rate slid to 66.6% from a record high of 66.8% in November. The underemployment rate went up to 6.1% from 5.8%, while the underutilization climbed to 9.6% from 9.3%. Monthly hours worked in all jobs shrank by 9 million or 0.5% to 1,888 million.

The seasonally adjusted unemployment rate in Australia stood at 3.4% in November 2022, unchanged from the previous month, and matching market estimates. The number of unemployed fell by 7,400 to 491,700, with people looking for full-time jobs falling by 1,100 to 322,900, and those part-time work dropped by 8,300 to 168.700. Meantime, employment increased by 64,000 to a fresh record peak of 13.77 million, beating market forecasts of a rise of 19 thousand, as full-time employment rose 34,200 to 9,601,500 while part-time employment gained 29,800 to 4,167,800. The participation rate edged up to 66.8%, returning to the record high hit in June 2022, above consensus of 66.6%. The underemployment rate inched down to 5.8%, 2.9 percentage points below the pre-pandemic; while the underutilization edged down to 9.3, the lowest rate since February 1982. Monthly hours worked in all jobs declined by 9 million, or 0.4%, to 1,901 million hours.

The seasonally adjusted unemployment rate in Australia unexpectedly edged down to 3.4% in October 2022 from 3.5% in September, while markets expected a slight rise of 3.6%. The number of unemployed fell by 20,600 to 477,600, with people looking for full-time jobs down by 15,200 to 320,300, and those part-time work dropped by 5,300 to 1573000. Meantime, employment increased by 32,200 to a new record high of 13.62 million, beating market forecasts of a rise of 15 thousand, as full-time employment gained 47,100 to 9,525,900 while part-time employment fell 14,900 to 4,092,100. The participation rate was unchanged at 66.5%, compared with consensus of 66.6% and slightly below the historical high of 66.7%. The underemployment rate ticked down to 5.9% from 6.0%; while the underutilization stayed at 9.4%. Monthly hours worked in all jobs rose by 43 million, or 2.3%, to 1,897 million hours.