Australia's seasonally adjusted unemployment rate stood at 5.2 percent in July 2019, unchanged from the previous month and in line market expectations. The economy added 41,100 jobs while the number of unemployed rose by 800. Unemployment Rate in Australia averaged 6.83 percent from 1978 until 2019, reaching an all time high of 11.20 percent in December of 1992 and a record low of 4 percent in February of 2008.
Unemployment Rate in Australia is expected to be 5.00 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 5.00 in 12 months time. In the long-term, the Australia Unemployment Rate is projected to trend around 4.80 percent in 2020, according to our econometric models.