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.

Australia Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-16 01:30 AM Unemployment Rate Apr 5.2% 5.1% 5.1% 5.1%
2019-06-13 01:30 AM Unemployment Rate May 5.2% 5.2% 5.1% 5%
2019-07-18 01:30 AM Unemployment Rate Jun 5.2% 5.2% 5.2% 5.10%
2019-08-15 01:30 AM Unemployment Rate Jul 5.2% 5.2% 5.2% 5.2%
2019-09-19 01:30 AM Unemployment Rate Aug 5.2% 5.3% 5.3%
2019-10-17 12:30 AM Unemployment Rate Sep 5%
2019-11-14 12:30 AM Unemployment Rate Oct 4.9%



Australia Jobless Rate Holds Steady at 5.2%

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 number of unemployed rose by 800 to 712,900 in July. People looking for full-time work increased by 26,300 to 516,700, while those looking for only part-time work declined by 25,500 to 196,200. Female unemployment was nearly unchanged at 335,800, while male unemployment grew by 900 to 377,200.

Employment increased by 41,100 people to 12,908,200 in July, easily beating market consensus of a 14,000 gain and reversing a revised 2,300 fall in June. Full-time employed persons advanced by 34,500 to 8,847,100, and part-time employed persons grew by 6,700 to 4,061,100.

The participation rate edged up 0.1 point to a new record high of 66.1 in July, above forecasts of 66.0 percent. Also, the employment to population ratio rose 0.1 point to 62.6.

The underemployment rate went up 0.2 points to 8.4 percent in July while the underutilisation rate rose 0.2 points to 13.6 percent.

Seasonally adjusted monthly hours worked in all jobs increased by 8.8 million hours to 1,780.1 million hours.


ABS | Rida Husna | rida@tradingeconomics.com
8/15/2019 10:05:31 AM



Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.20 5.20 11.20 4.00 percent [+]
Employed Persons 12908.17 12867.04 12908.17 5997.65 Thousand [+]
Unemployed Persons 712.92 712.13 960.17 364.73 Thousand [+]
Part Time Employment 6654.00 -23345.00 72524.00 -73157.00 Persons [+]
Full Time Employment 34474.00 21003.00 74805.00 -80836.00 Persons [+]
Employment Change 41127.00 -2342.00 99138.00 -74910.00 Persons [+]
Labor Force Participation Rate 66.10 66.00 66.10 60.10 percent [+]
Youth Unemployment Rate 11.90 12.10 20.10 7.60 percent [+]
Productivity 100.00 100.00 104.21 55.70 Index Points [+]
Labour Costs 105.10 103.90 105.10 44.10 Index Points [+]
Job Vacancies 243.20 244.90 244.90 28.40 Thousand [+]
Job Advertisements 156977.80 161488.22 258084.89 69798.90 [+]
Wages 1237.90 1225.30 1237.90 59.10 AUD/Week [+]
Wages In Manufacturing 1338.30 1340.30 1340.30 333.00 AUD/Week [+]
Wage Growth 2.30 2.30 4.30 1.90 percent [+]
Minimum Wages 740.80 719.20 740.80 522.12 AUD/week [+]
Population 25.18 24.70 25.18 10.39 Million [+]
Retirement Age Women 65.50 65.50 65.50 62.00 [+]
Retirement Age Men 65.50 65.50 65.50 65.00 [+]
Living Wage Family 2790.00 2920.00 2920.00 2770.00 AUD/Month [+]
Living Wage Individual 1770.00 1820.00 1820.00 1750.00 AUD/Month [+]
Wages Low Skilled 2710.00 2670.00 2710.00 2670.00 AUD/Month [+]
Wages High Skilled 6120.00 6250.00 6250.00 6120.00 AUD/Month [+]
Employment Rate 62.60 62.50 62.90 54.00 percent [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.20 5.20 11.20 4.00 1978 - 2019 percent Monthly
SA




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 12.80 May/19
Brazil 11.80 Jul/19
Argentina 10.10 Mar/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.20 Jul/19
Indonesia 5.01 Mar/19
Russia 4.50 Jul/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.40 Jul/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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