Australia's seasonally adjusted unemployment rate fell to 5.1 percent in February 2020 from 5.3 percent in the previous month and below market expectations of 5.3 percent. The number of unemployed people dropped by 26,400, while employment rose by 26,700. People looking for full-time declined by 34,000 to 468,300 and those looking for only part-time work increased 7,900 to 220,400. Employment rose by 26,700 to 13,015,100 and easily beating estimates of a 10,000 gain, as full-time employment grew by 13,300 to 8,885,600, and part-time employment went up by 7,800 to 4,124,500. Meantime, the participation rate edged down 0.1 points to 66 percent, below forecasts of 66.1 percent. The underemployment rate was steady at 8.6 percent, and the underutilisation rate fell 0.2 points to 13.7 percent. Monthly hours worked in all jobs dropped by 3 million hours, or 0.2 percent to 1,775.4 million hours.

Unemployment Rate in Australia averaged 6.80 percent from 1978 until 2020, 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 April of 2020. source: Australian Bureau of Statistics

Unemployment Rate in Australia is expected to be 5.30 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 9.50 in 12 months time. In the long-term, the Australia Unemployment Rate is projected to trend around 8.00 percent in 2021 and 6.50 percent in 2022, according to our econometric models.

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Australia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.30 11.20 4.00 1978 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-12-19 12:30 AM Nov 5.2% 5.3% 5.3% 5.3%
2020-01-23 12:30 AM Dec 5.1% 5.2% 5.2% 5.2%
2020-02-20 12:30 AM Jan 5.3% 5.1% 5.2% 5.2%
2020-03-19 12:30 AM Feb 5.1% 5.3% 5.3% 5.3%
2020-04-16 01:30 AM Mar 5.1% 5.3%
2020-05-14 01:30 AM Apr
2020-06-13 01:30 AM May
2020-07-18 01:30 AM Jun 9%


News Stream
Australia Jobless Rate Unexpectedly Falls in February
Australia's seasonally adjusted unemployment rate fell to 5.1 percent in February 2020 from 5.3 percent in the previous month and below market expectations of 5.3 percent. The number of unemployed people dropped by 26,400, while employment rose by 26,700. People looking for full-time declined by 34,000 to 468,300 and those looking for only part-time work increased 7,900 to 220,400. Employment rose by 26,700 to 13,015,100 and easily beating estimates of a 10,000 gain, as full-time employment grew by 13,300 to 8,885,600, and part-time employment went up by 7,800 to 4,124,500. Meantime, the participation rate edged down 0.1 points to 66 percent, below forecasts of 66.1 percent. The underemployment rate was steady at 8.6 percent, and the underutilisation rate fell 0.2 points to 13.7 percent. Monthly hours worked in all jobs dropped by 3 million hours, or 0.2 percent to 1,775.4 million hours.
2020-03-19
Australia Jobless Rate Above Forecasts
Australia's seasonally adjusted unemployment rate rose to 5.3% in January 2020 from 5.1% in the previous month, above market expectations of 5.2%. It was the highest jobless rate since October last year, as the number of unemployed people increased by 31,000 to 725,900. People looking for full-time work went up by 19,600 to 508,500 and those looking for only part-time work increased 11,400 to 217,400. Employment rose by 13,500 to 12,995,400 and above estimates of a 10,000 gain. Full-time employment grew 46,200 to 8,882,200, while part-time employment dropped 32,700 to 4,113,300. Meantime, the participation rate edged up 0.1 points to 66.1%, the highest in four months and slightly above forecasts of 66%. The underemployment rate rose to 8.6% in January from 8.3% in December, while the underutilisation rate went up 0.5 points to 13.9%. Monthly hours worked in all jobs fell by 8.1 million hours, or 0.4% to 1,781.8 million hours.
2020-02-20
Australia Jobless Rate Unexpectedly Falls to 9-Month Low
Australia's seasonally adjusted unemployment rate fell to 5.1 percent in December 2019 from 5.2 percent in the previous month and below market expectations of 5.2 percent. It is the lowest jobless rate since March, as the number of unemployed people fell by 12,900 to 693,100 while employment rose by 28,900 to 12,981,600. Part-time employment increased by 29,200 to 4,146,900 people while full-time employment dropped by 300 to 8,834,700. Meantime, the participation rate was unchanged at 66.0 percent, remaining at its lowest level since June and matching forecasts. The underemployment rate was at 8.3 percent in December, the same as in the prior month while the underutilisation rate dropped 0.1 points to 13.4 percent. Monthly hours worked in all jobs went up by 8.2 million hours, or 0.5 percent to 1,791.1 million hours.
2020-01-23
Australia Jobless Rate Unexpectedly Falls
Australia's seasonally adjusted unemployment rate edged down to 5.2 percent in November 2019 from 5.3 percent in the previous month, and slightly below market forecasts of 5.3 percent. The number of unemployed fell by 16,800 while employment rose by 39,900.
2019-12-19

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.