The participation rate in Australia fell to an over 15-year low of 63.5 percent in April 2020 from 66 percent in the previous month and well below market expectations of 65.2 percent, amid business closures and lockdowns due to the coronavirus crisis.
Labor Force Participation Rate in Australia averaged 63.37 percent from 1978 until 2020, reaching an all time high of 66.20 percent in August of 2019 and a record low of 60.10 percent in April of 1983. This page provides the latest reported value for - Australia Labor Force Participation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Labor Force Participation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Australian Bureau of Statistics
Labor Force Participation Rate in Australia is expected to be 63.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Australia to stand at 66.00 in 12 months time. In the long-term, the Australia Labor Force Participation Rate is projected to trend around 66.10 percent in 2021, according to our econometric models.