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. source: Australian Bureau of Statistics

Unemployment Rate in Australia averaged 6.70 percent from 1978 until 2022, reaching an all time high of 11.20 percent in December of 1992 and a record low of 3.40 percent in October 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 January of 2023.

Unemployment Rate in Australia is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Australia Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-15 12:30 AM Nov 3.4% 3.4% 3.4% 3.3%
2023-01-19 12:30 AM Dec 3.5% 3.5% 3.4% 3.4%
2023-02-16 12:30 AM Jan 3.5% 3.5%


Related Last Previous Unit Reference
Unemployment Rate 3.50 3.50 percent Dec 2022
Unemployed Persons 499.79 493.97 Thousand Dec 2022
Employed Persons 13747.08 13761.72 Thousand Dec 2022
Part Time Employment -32206.00 24991.00 Persons Dec 2022
Full Time Employment 17566.00 33279.00 Persons Dec 2022
Employment Change -14640.00 58271.00 Persons Dec 2022
Labor Force Participation Rate 66.60 66.80 percent Dec 2022
Youth Unemployment Rate 7.72 7.28 percent Nov 2022
Labour Costs 110.70 107.60 points Sep 2022
Productivity 100.10 102.30 points Sep 2022
Job Vacancies 444.20 470.90 Thousand Dec 2022
Wages 1344.70 1328.90 AUD/Week Jun 2022
Wage Growth 3.10 2.60 percent Sep 2022
Wages in Manufacturing 1464.50 1462.00 AUD/Week Jun 2022
Population 25.77 25.68 Million Dec 2021
Employment Rate 64.30 64.50 percent Dec 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 3.50 11.20 3.40 1978 - 2022 percent Monthly
SA

News Stream
Australia Jobless Rate Steady at 3.5%
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.
2023-01-19
Australia Jobless Rate Stays at 3.4%
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.
2022-12-15
Australia Jobless Rate Unexpectedly Inches Lower
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.
2022-11-17