Australia's seasonally adjusted unemployment rate inched lower to 5.0 percent in December 2018, matching the 6-1/2 year-low touched in September and October and below market expectations 5.1 percent. Unemployment Rate in Australia averaged 6.85 percent from 1978 until 2018, 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 5.30 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 5.20 in 12 months time. In the long-term, the Australia Unemployment Rate is projected to trend around 4.70 percent in 2020, according to our econometric models.

Australia Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-18 12:30 AM Unemployment Rate 5% 5.3% 5.3% 5.4%
2018-11-15 12:30 AM Unemployment Rate 5% 5% 5.1% 5.1%
2018-12-20 12:30 AM Unemployment Rate 5.1% 5% 5% 5.1%
2019-01-24 12:30 AM Unemployment Rate 5% 5.1% 5.1% 5.1%
2019-02-21 12:30 AM Unemployment Rate 5.0% 5% 5%
2019-03-21 12:30 AM Unemployment Rate 5.30%
2019-04-18 01:30 AM Unemployment Rate 5.30%



Australia Jobless Rate Unexpectedly Falls in December

Australia's seasonally adjusted unemployment rate inched lower to 5.0 percent in December 2018, matching the 6-1/2 year-low touched in September and October and below market expectations 5.1 percent.

The number of unemployed declined by 14.1 thousand to 666.7 thousand in December. People looking for full-time work fell 9.6 thousand to 458.7 thousand, and those looking for only part-time work dropped 4.6 thousand to 208.0 thousand. Male unemployment declined 12.9 thousand and female unemployment decreased 1.2 thousand.

Employment rose 21.6 thousand to 12.7 million, easily beating market consensus of a 16.5 thousand increase and following a 39.0 thousand gain in November. The December's increase was entirely led by part-time work (24.6 thousand to 4.0 million), which offset a decline in full-time employment (-3.0 thousand to 8.7 million).

The participation rate fell 0.1 points from a month earlier to 65.6 percent, slightly below forecasts of 65.7 percent. Meantime, the employment to population ratio went up 0.1 percentage points to 62.4 percent.

The underemployment rate fell to 8.4 percent in December but stayed above its historical average, pointing to still-high spare capacity in the labour market.

Seasonally adjusted monthly hours worked in all jobs increased 1.3 million hours, or 0.1 percent, to 1,758.9 million hours.


ABS | Rida Husna | rida@tradingeconomics.com
1/24/2019 10:29:51 AM



Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.00 5.10 11.20 4.00 percent [+]
Employed Persons 12714.06 12692.46 12714.06 5997.80 Thousand [+]
Unemployed Persons 666.71 680.83 960.02 364.66 Thousand [+]
Part Time Employment 24643.00 46270.00 72991.00 -73050.00 Persons [+]
Full Time Employment -3046.00 -7271.00 81528.00 -80958.00 Persons [+]
Employment Change 21597.00 38999.00 99080.00 -74987.00 Persons [+]
Labor Force Participation Rate 65.60 65.70 65.80 60.10 percent [+]
Youth Unemployment Rate 11.20 11.50 20.10 7.60 percent [+]
Productivity 100.70 101.80 104.21 58.20 Index Points [+]
Labour Costs 102.20 100.60 102.50 45.40 Index Points [+]
Job Vacancies 242.90 240.90 242.90 28.40 Thousand [+]
Job Advertisements 171392.00 174281.00 258085.00 69799.00 [+]
Wages 1207.40 1191.50 1207.40 59.10 AUD/Week [+]
Wages In Manufacturing 1304.50 1309.40 1309.40 333.00 AUD/Week [+]
Wage Growth 2.30 2.10 4.30 1.90 percent [+]
Minimum Wages 719.20 694.90 719.20 522.12 AUD/week [+]
Population 24.70 24.13 24.70 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 62.40 62.30 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.00 5.10 11.20 4.00 1978 - 2018 percent Monthly
SA




Country Last Previous
South Africa 27.10 Dec/18
Spain 14.45 Dec/18
Turkey 12.30 Nov/18
Brazil 11.60 Dec/18
Italy 10.30 Dec/18
Argentina 9.00 Sep/18
France 8.80 Dec/18
Euro Area 7.90 Dec/18
India 6.10 Dec/18
Saudi Arabia 6.00 Sep/18
Canada 5.80 Jan/19
Indonesia 5.34 Sep/18
Australia 5.00 Dec/18
Russia 4.80 Dec/18
South Korea 4.40 Jan/19
United Kingdom 4.00 Nov/18
United States 4.00 Jan/19
China 3.80 Dec/18
Netherlands 3.60 Dec/18
Mexico 3.40 Dec/18
Germany 3.30 Dec/18
Switzerland 2.80 Jan/19
Japan 2.40 Dec/18
Singapore 2.20 Dec/18


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