Australia's seasonally adjusted unemployment rate dropped to 4.9% in June 2021 from 5.1% in May and compared with market consensus of 5%. This was the eighth straight month of fall in the jobless rate and the lowest reading since June 2011, as the economy recovered further from the COVID-19 hit. The number of unemployed declined 22,000 to 679.1 thousand, as people looking for full-time work decreased 31,400 to 460,100, and those looking for only part-time added 9,400 to 219,000. Meantime, employment grew 29,100 to 13.15 million, compared with forecasts of a 30,000 gain, with full-time employment rising 51,600 while part-time employment falling 22,200. The participation rate was unchanged at 66.2 percent, below estimates of 66.3%. The underemployment rate rose 0.5 points to 7.9%, and the underutilization rate gained 0.3 points to 12.8%. Monthly hours worked in all jobs went down 33 million, or 1.8%, to 1,781 million hours. source: Australian Bureau of Statistics

Unemployment Rate in Australia averaged 6.79 percent from 1978 until 2021, reaching an all time high of 11.20 percent in December of 1992 and a record low of 4 percent in February of 2008. 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 - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.

Unemployment Rate in Australia is expected to be 5.00 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 4.80 in 12 months time. In the long-term, the Australia Unemployment Rate is projected to trend around 4.50 percent in 2022 and 4.00 percent in 2023, according to our econometric models.

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Australia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.90 5.10 11.20 4.00 1978 - 2021 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-15 01:30 AM Mar 5.6% 5.8% 5.7% 5.8%
2021-05-20 01:30 AM Apr 5.5% 5.6% 5.6% 5.5%
2021-06-17 01:30 AM May 5.1% 5.5% 5.5% 5.5%
2021-07-15 01:30 AM Jun 4.9% 5.1% 5% 5%
2021-08-13 01:30 AM Jul 4.9% 5%
2021-09-17 01:30 AM Aug
2021-10-15 12:30 AM Sep 5.2%
2021-11-19 12:30 AM Oct


News Stream
Australia Jobless Rate Lowest in a Decade
Australia's seasonally adjusted unemployment rate dropped to 4.9% in June 2021 from 5.1% in May and compared with market consensus of 5%. This was the eighth straight month of fall in the jobless rate and the lowest reading since June 2011, as the economy recovered further from the COVID-19 hit. The number of unemployed declined 22,000 to 679.1 thousand, as people looking for full-time work decreased 31,400 to 460,100, and those looking for only part-time added 9,400 to 219,000. Meantime, employment grew 29,100 to 13.15 million, compared with forecasts of a 30,000 gain, with full-time employment rising 51,600 while part-time employment falling 22,200. The participation rate was unchanged at 66.2 percent, below estimates of 66.3%. The underemployment rate rose 0.5 points to 7.9%, and the underutilization rate gained 0.3 points to 12.8%. Monthly hours worked in all jobs went down 33 million, or 1.8%, to 1,781 million hours.
2021-07-15
Australia Jobless Rate Drops to 17-Month Low
Australia's seasonally adjusted unemployment unexpectedly was at 5.1% in May 2021, compared with market consensus and April's figure of 5.5%. This was the seventh straight month of fall in the jobless rate and the lowest reading since February 2020, as the economy recovered further from the COVID-19 hit. The number of unemployed declined 53,000 to 701.1 thousand, as people looking for full-time work was down by 36,100 to 491,500 and those looking for only part-time work fell 18,900 to 209,600. Meantime, employment grew 115,200 to 13.12 million, easily beating forecasts of a 30,000 gain, with part-time employment rising 97,500 and full-time employment expanding 17,700. The participation rate rose 0.3 points to 66.2 percent to a six-month low of 65.9%, above forecasts of 66.1%. The underemployment rate fell 0.3 points to 7.4%, and the underutilization rate decreased 0.7 points to 12.5%. Monthly hours worked in all jobs went up 25 million, or 1.4%, to 1,814 million hours.
2021-06-17
Australia Jobless Rate Falls to 13-Month Low
Australia's seasonally adjusted unemployment unexpectedly was at 5.5 percent in April 2021, compared with market consensus and the prior months's figure of 5.6 percent. This was the lowest jobless rate since March 2020, as the economy recovered further from the COVID-19 hit. The number of unemployed declined 33,600 to 756.2 thousand, as people looking for full-time work was down by 26,000 to 527,100 and those looking for only part-time work fell 7,500 to 229,200. Also, employment unexpectedly fell 30,600 to 13.04 million, missing forecasts of a 15,000 gain, with part-time employment decreasing 74,400 while full-time employment rising by 33,800. The participation rate unexpectedly dropped 0.3 points to a six-month low of 66.0 percent, missing forecasts of 66.3 percent. The underemployment rate fell 0.2 points to 7.8 percent, and the underutilization rate decreased 0.4 points to 13.3 percent. Monthly hours worked in all jobs fell 13 million, or 0.7%, to 1,793 million hours.
2021-05-20
Australia Jobless Rate Lowest in a Year
Australia's seasonally adjusted unemployment rate fell to 5.6 percent in March 2021, the lowest in a year and slightly below market consensus of 5.7 percent, as the economy recovered further from the disruption caused by COVID-19. The number of unemployed declined 27,100 to 778.1 thousand, while employment grew 70,700 to a record high of 13.078 million, easily beating market forecasts of a 35,000 increase, with part-time employment advancing 91,500 and full-time employment falling by 20,800. The participation rate unexpectedly rose 0.2 points to a record peak of 66.3 percent, also beating forecasts of 66.1 percent. The underemployment rate dropped 0.6 points to 7.9 percent, and the underutilization rate decreased 0.8 points to 13.5 percent. Monthly hours worked in all jobs were higher than March 2020, for the first time during the COVID period.
2021-04-15

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.