Australia's seasonally adjusted unemployment rate stood at 5 percent in October 2018, the same as in the prior month but slightly below market estimates of 5.1 percent. The jobless rate remained at its lowest level since April 2012. 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 Unchanged at 6-1/2-Year Low of 5%


Australia's seasonally adjusted unemployment rate stood at 5 percent in October 2018, the same as in the prior month but slightly below market estimates of 5.1 percent. The jobless rate remained at its lowest level since April 2012.

In October, the number of unemployed increased by 4,600 to 672,100, as people looking only for part-time work went up 9,800 to 226,700, while those looking for full-time work decreased 5,200 to 445,400.

Employment went up 32,800 to 12,671,500, easily beating market consensus of an increase of 20,000. Full-time employment increased 42,300 to 8,703,700, while part-time employment fell 9,500 to 3,967,900.

The labor force participation rate edged up 0.1 points from a month earlier to 65.6 percent and slightly above forecasts of  65.5 percent. Meantime, the employment to population ratio rose by 0.1 percentage points to 62.3 percent.

Seasonally adjusted monthly hours worked in all jobs increased 6.1 million hours, or 0.3 percent, to 1,764.4 million hours.


Rida | rida@tradingeconomics.com
11/15/2018 12:58:16 AM



Calendar GMT Actual Previous Consensus TEForecast
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% 5.1% 5.1%
2018-12-14 12:30 AM Unemployment Rate 5% 5.1%


Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.00 5.00 11.20 4.00 percent [+]
Employed Persons 12671.54 12638.74 12671.54 5997.80 Thousand [+]
Unemployed Persons 672.05 667.45 959.99 364.64 Thousand [+]
Part Time Employment -9461.00 -16813.00 72766.00 -72975.00 Persons [+]
Full Time Employment 42300.00 24600.00 80600.00 -81000.00 Persons [+]
Employment Change 32800.00 7800.00 99100.00 -75000.00 Persons [+]
Labor Force Participation Rate 65.60 65.50 65.80 60.10 percent [+]
Youth Unemployment Rate 11.30 11.40 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 2.30 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 5.00 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 11.10 Aug/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 Oct/18
Russia 4.50 Sep/18
United Kingdom 4.10 Sep/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/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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