Australia's seasonally adjusted unemployment fell to a fresh record low of 3.5% in June 2022 from 3.9% in the prior three months and well below market forecasts of 3.8%, amid a further recovery in the economy from the pandemic. The number of unemployed dropped 54,300 to 493,900, with people looking for only part-time work declining by 35,900 to 151,100, and those looking for full-time job falling 18,400 to 342,700. Meantime, employment rose 88,400 to a new peak of 13.60 million, exceeding forecasts of a 30 thousand rise and up for the 8th straight month, as full-time employment gained 52,900 to 9,496,300 and part-time employment rose 35,500 to 4,103,000. The participation rate was at a new high of 66.8%, compared with consensus and May's print of 66.7%. The underemployment rate went up to 6.1% from May's near 19-year low of 5.7%; while the underutilization rate was at 9.6%, staying at its lowest since April 1982. Monthly hours worked in all jobs was unchanged at 1,856 million hours. source: Australian Bureau of Statistics

Unemployment Rate in Australia averaged 6.73 percent from 1978 until 2022, reaching an all time high of 11.20 percent in December of 1992 and a record low of 3.50 percent in June of 2022. 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 2022.

Unemployment Rate in Australia is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Unemployment Rate is projected to trend around 3.50 percent in 2023 and 3.80 percent in 2024, according to our econometric models.

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Australia Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-06-16 01:30 AM May 3.9% 3.9% 3.8% 3.9%
2022-07-14 01:30 AM Jun 3.5% 3.9% 3.8% 3.9%
2022-08-18 01:30 AM Jul 3.5%


Related Last Previous Unit Reference
Unemployment Rate 3.50 3.90 percent Jun 2022
Unemployed Persons 493.86 548.13 Thousand Jun 2022
Employed Persons 13599.31 13510.89 Thousand Jun 2022
Part Time Employment 35500.00 -8700.00 Persons Jun 2022
Full Time Employment 52900.00 69400.00 Persons Jun 2022
Employment Change 88400.00 60600.00 Persons Jun 2022
Labor Force Participation Rate 66.80 66.70 percent Jun 2022
Youth Unemployment Rate 7.88 8.76 percent Jun 2022
Labour Costs 105.90 105.40 points Mar 2022
Productivity 104.90 103.00 points Mar 2022
Job Vacancies 480.10 423.50 Thousand Jun 2022
Wages 1328.90 1305.80 AUD/Week Dec 2021
Wage Growth 2.40 2.30 percent Mar 2022
Wages In Manufacturing 1462.00 1432.80 AUD/Week Dec 2021
Population 25.77 25.68 Million Dec 2021
Employment Rate 64.42 64.06 percent Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.90 11.20 3.50 1978 - 2022 percent Monthly
SA

News Stream
Australia Jobless Rate Drops to New Low of 3.5%
Australia's seasonally adjusted unemployment fell to a fresh record low of 3.5% in June 2022 from 3.9% in the prior three months and well below market forecasts of 3.8%, amid a further recovery in the economy from the pandemic. The number of unemployed dropped 54,300 to 493,900, with people looking for only part-time work declining by 35,900 to 151,100, and those looking for full-time job falling 18,400 to 342,700. Meantime, employment rose 88,400 to a new peak of 13.60 million, exceeding forecasts of a 30 thousand rise and up for the 8th straight month, as full-time employment gained 52,900 to 9,496,300 and part-time employment rose 35,500 to 4,103,000. The participation rate was at a new high of 66.8%, compared with consensus and May's print of 66.7%. The underemployment rate went up to 6.1% from May's near 19-year low of 5.7%; while the underutilization rate was at 9.6%, staying at its lowest since April 1982. Monthly hours worked in all jobs was unchanged at 1,856 million hours.
2022-07-14
Australia Jobless Rate Stays at Record Low for 3rd Month
Australia's seasonally adjusted unemployment unexpectedly was at 3.9% in May 2022, remaining at its lowest on record for the third straight month and compared with market consensus of 3.8%, amid a steady recovery in the economy from the pandemic. The number of unemployed increased 7,800 to 548,100, with people looking for only part-time work rising by 30,600 to 187,000, while those looking for full-time job falling 22,800 to 361,100. Meantime, employment rose 60,600 to a fresh high of 13.511 million, easily beating forecasts, as full-time employment gained 69,400 to 9,443,400 while part-time employment dropped 8,700 to 4,067,500. The participation rate climbed to a record peak of 66.7% from 66.4 a month earlier. The underemployment rate fell to 5.7%, the lowest since August 2008, from 5.3% in April; and the underutilization rate dropped to 9.6%, the lowest since April 1982, from 9.9% Monthly hours worked in all jobs rose 17 million to 1,856 million hours or 0.9%.
2022-06-16
Australia Jobless Rate Stays at Record Low
Australia's seasonally adjusted unemployment was at 3.9% in April 2022, unchanged from a downwardly revised figure in March, amid a steady recovery in the economy from the pandemic, and matching market consensus. The latest print remained at its lowest level on record in the monthly survey, which was not far from a lower figure seen in August 1974, when the survey was quarterly. The number of unemployed fell 11,000 to 537,100, with people looking for only part-time work down 8,200 to 155,600, and those looking for full-time job falling 2,700 to 381,500. Meantime, employment rose 4,000 to a new peak of 13.402 million, but missing market forecasts of a 30,000 gain, as full-time employment gained 92,400 to 9,342,900 while part-time employment shed 88,400 to 4,058,800. The participation rate edged down to 66.3%. The underemployment rate fell 0.2 pts to 6.1%, and the underutilization rate dropped 0.3 pts to 10%. Monthly hours worked in all jobs rose 23 million to 1,833 million hours.
2022-05-19