Australia Unemployment Rate

Australia's seasonally adjusted unemployment rate unexpectedly dropped to 5 percent in September 2018 from 5.3 percent in the previous month while markets estimated 5.3 percent. It was the lowest jobless rate since April 2012, as the economy added 5,600 jobs while the number of unemployed declined by 37,200. Unemployment Rate in Australia averaged 6.86 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.

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Australia Jobless Rate Falls to 6-1/2-Year Low of 5%

Australia's seasonally adjusted unemployment rate unexpectedly dropped to 5 percent in September 2018 from 5.3 percent in the previous month while markets estimated 5.3 percent. It was the lowest jobless rate since April 2012, as the economy added 5,600 jobs while the number of unemployed declined by 37,200.

In September, the number of unemployed dropped by 37,200 to 665,800, as people looking for full-time work decreased by 38,000 to 449,700, while those only looking for part-time work increased by 900 to 216,100.

Employment went up 5,600 to 12,636,300, missing estimates of an increase of 15,000. Full-time employment increased 20,300 to 8,654,400 and part-time employment decreased 14,700 to 3,981,900.

The labor force participation rate edged down 0.2 points from a month earlier to 65.4 percent and below consensus 65.7 percent. Meantime, the employment to population ratio remained steady at 62.2 percent.

Seasonally adjusted monthly hours worked in all jobs increased 6.2 million hours, or 0.4 percent, to 1,757.5 million hours.

ABS l Rida | rida@tradingeconomics.com
10/18/2018 2:05:27 AM

Recent Releases

Australia August Jobless Rate Matches Estimates
Australia's seasonally adjusted unemployment rate stood at 5.3 percent in August of 2018, the same as in the prior month and matching market consensus. The jobless rate remained at its the lowest level since November 2012, as the economy added 44,000 jobs while the number of unemployed increased by 5,800.
Published on 2018-09-13

Australia July Jobless Rate Falls to Near 6-Year Low of 5.3%
Australia's seasonally adjusted unemployment rate unexpectedly inched lower to 5.3 percent in July of 2018 from 5.4 percent in the prior month and below market consensus of 5.4 percent. It was the lowest jobless rate since November 2012, as the economy lost 3,900 jobs and the number of unemployed declined by 5,700.
Published on 2018-08-16

Australia Jobless Rate Unchanged at 6-Month Low
Australia's seasonally adjusted unemployment rate stood at 5.4 percent in June of 2018, the same as in the prior month and in line with market consensus. The jobless rate remained at the lowest level since last November.
Published on 2018-07-19

Australia Jobless Rate Falls to 6-Month Low of 5.4%
Australia's seasonally adjusted unemployment rate unexpectedly dropped to 5.4 percent in May of 2018 from 5.6 percent in the prior month while markets expected 5.5 percent. It is the lowest jobless rate since last November, as the economy added 12,000 jobs while the number of unemployed declined by 26,800.
Published on 2018-06-14

Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-08-16	01:30 AM	Unemployment Rate	5.3%	5.4%	5.4%	5.5%
2018-09-13	01:30 AM	Unemployment Rate	5.3%	5.3%	5.3%	5.4%
2018-10-18	12:30 AM	Unemployment Rate	5%	5.3%	5.3%	5.4%
2018-11-15	12:30 AM	Unemployment Rate		5%	5.1%	5.1%
2018-12-14	12:30 AM	Unemployment Rate				5.1%

Australia Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	5.00	5.30	11.20	4.00	percent	[+]
Employed Persons	12636.31	12630.71	12636.31	5997.89	Thousand	[+]
Unemployed Persons	665.75	702.91	959.93	364.59	Thousand	[+]
Part Time Employment	-14698.00	9478.00	73029.00	-73001.00	Persons	[+]
Full Time Employment	20300.00	35200.00	80800.00	-81000.00	Persons	[+]
Employment Change	5600.00	44600.00	99100.00	-75000.00	Persons	[+]
Labor Force Participation Rate	65.40	65.70	65.80	60.10	percent	[+]
Youth Unemployment Rate	11.40	11.60	20.10	7.60	percent	[+]
Productivity	101.80	100.90	104.21	58.20	Index Points	[+]
Labour Costs	100.60	101.10	102.50	45.40	Index Points	[+]
Job Vacancies	240.90	234.20	240.90	28.40	Thousand	[+]
Job Advertisements	175905.00	175637.00	258085.00	69799.00		[+]
Wages	1207.40	1191.50	1207.40	59.10	AUD/Week	[+]
Wage Growth	2.10	2.10	4.30	1.90	percent	[+]
Wages In Manufacturing	1304.50	1309.40	1309.40	333.00	AUD/Week	[+]
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	62.20	62.20	62.90	54.00	percent	[+]

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 November of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	5.00	5.30	11.20	4.00	1978 - 2018	percent	Monthly

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Country	Last		Previous	Highest	Lowest
South Africa	27.50	Sep/18	27.2	31.2	21.5	%	Quarterly
Spain	14.55	Sep/18	15.28	26.94	4.41	%	Quarterly
Brazil	11.90	Sep/18	12.1	13.7	6.2	%	Monthly
Turkey	10.80	Jul/18	10.2	14.8	7.3	%	Monthly
Italy	10.10	Sep/18	9.8	13.1	5.8	%	Monthly
Argentina	9.60	Jun/18	9.1	20.8	5.9	%	Quarterly
France	9.10	Jun/18	9.2	10.7	7.2	%	Quarterly
Euro Area	8.10	Sep/18	8.1	12.1	7.3	%	Monthly
Saudi Arabia	6.00	Jun/18	6.1	6.3	4.35	%	Quarterly
Canada	5.80	Oct/18	5.9	13.1	2.9	%	Monthly
Indonesia	5.34	Jun/18	5.13	11.24	2	%	Quarterly
Australia	5.00	Sep/18	5.3	11.2	4	%	Monthly
Russia	4.50	Sep/18	4.6	14.1	4.5	%	Monthly
United Kingdom	4.10	Sep/18	4	12	3.4	%	Monthly
South Korea	4.00	Sep/18	4.2	7.1	3	%	Monthly
China	3.82	Sep/18	3.83	4.3	3.82	%	Quarterly
Netherlands	3.70	Sep/18	3.9	7.9	3.6	%	Monthly
United States	3.70	Oct/18	3.7	10.8	2.5	%	Monthly
Mexico	3.60	Sep/18	3.5	6.42	2.22	%	Monthly
India	3.52	Dec/17	3.51	8.3	3.41	%	Yearly
Germany	3.40	Sep/18	3.4	11.5	0.4	%	Monthly
Switzerland	2.40	Oct/18	2.4	5.7	1.5	%	Monthly
Japan	2.30	Sep/18	2.4	5.5	1	%	Monthly
Singapore	2.10	Sep/18	2	6	1.4	%	Quarterly