Australia’s seasonally adjusted unemployment rate inched down to 4.4% in May, from April’s more than four-year high of 4.5%, in line with market expectations. The number of unemployed fell by 18,300 to 671,300 from 689,600 in April, with the number of part-time job seekers falling by 9,700 to 230,500, while the number of full-time job seekers dropped by 8,600 to 440,800. Employment increased by 40,300 to 14.74 million, surpassing estimates for a 30,000 rise, the strongest employment gain since December, rebounding from an upwardly revised loss of 40,700 jobs in April. Full-time employment rose by 5,200 to 10.14 million, while part-time employment increased by 35,200 to 4.60 million. The participation rate edged up to 66.7% from a downwardly revised 66.6% in April, which was the lowest level in five months, matching market estimates. The underemployment rate inched up to 5.9% from 5.8%. Meanwhile, total monthly hours worked across all jobs decreased by 22 million to 2,010 million. source: Australian Bureau of Statistics
Unemployment Rate in Australia decreased to 4.40 percent in May from 4.50 percent in April of 2026. Unemployment Rate in Australia averaged 6.51 percent from 1978 until 2026, 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 July of 2026.
Unemployment Rate in Australia decreased to 4.40 percent in May from 4.50 percent in April of 2026. Unemployment Rate in Australia is expected to be 4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Unemployment Rate is projected to trend around 4.90 percent in 2027 and 4.50 percent in 2028, according to our econometric models.