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.

Australia Unemployment Rate
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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



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 [+]


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 November of 2018.

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




Country Last
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.90 Sep/18
Turkey 10.80 Jul/18
Italy 10.10 Sep/18
Argentina 9.60 Jun/18
France 9.10 Jun/18
Euro Area 8.10 Sep/18
Saudi Arabia 6.00 Jun/18
Canada 5.80 Oct/18
Indonesia 5.34 Jun/18
Australia 5.00 Sep/18
Russia 4.50 Sep/18
United Kingdom 4.10 Sep/18
South Korea 4.00 Sep/18
China 3.82 Sep/18
Netherlands 3.70 Sep/18
United States 3.70 Oct/18
Mexico 3.60 Sep/18
India 3.52 Dec/17
Germany 3.40 Sep/18
Switzerland 2.40 Oct/18
Japan 2.30 Sep/18
Singapore 2.10 Sep/18


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