Australia Labor Force Participation Rate - Forecast

Labor Force Participation Rate in Australia is expected to be 65.60 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 65.47 in 12 months time. In the long-term, the Australia Labor Force Participation Rate is projected to trend around 66.00 percent in 2020, according to our econometric models.


Forecast Data Chart
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Australia Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 5 5.5 5.3 5.1 5 5.3
Employed Persons 12636 12710 12820 12900 12893 13500
Unemployed Persons 666 657 645 636 630 619
Part Time Employment -14698 7688 6824 7056 7029 6900
Full Time Employment 20300 15279 13510 13050 12930 12890
Employment Change 5600 17100 22489 22705 22683 15600
Labor Force Participation Rate 65.4 65.6 65.8 65.7 65.47 66
Youth Unemployment Rate 11.4 12 12.8 12.2 12.2 13
Productivity 102 101 101 102 102 102
Labour Costs 101 101 101 101 101 101
Job Vacancies 241 243 243 241 239 237
Job Advertisements 175555 174616 173782 173196 172803 172048
Wages 1207 1210 1230 1230 1230 1300
Wage Growth 2.1 2.4 2.4 1.99 2 3.3
Wages In Manufacturing 1304 1310 1350 1350 1338 1400
Minimum Wages 719 719 740 740 740 760
Population 24.7 25.3 25.4 25.5 25.32 26
Retirement Age Women 65.5 65.5 65.5 65.5 65.5 66
Retirement Age Men 65.5 65.5 65.5 65.5 65.5 66
Living Wage Family 3420 3500 3600 3442 3441 3600
Living Wage Individual 2420 2432 2431 2431 2431 2430
Wages Low Skilled 2440 2481 2506 2494 2500 2506
Wages High Skilled 6110 6200 6200 6144 6148 6300
Employment Rate 62.2 62.26 62.3 62.33 62.35 62.4