Australia's seasonally adjusted unemployment rate unexpectedly inched lower to 5.0 percent in December of 2018 from 5.1 percent in the previous month while markets had expected 5.1 percent. The economy added 21,600 jobs while the number of unemployed decreased 14,100. 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 5.30 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% 5.30%
2019-03-21 12:30 AM Unemployment Rate 5.30%
2019-04-18 01:30 AM Unemployment Rate 5.30%



Australia Jobless Rate Edges Down to 5.0% in December

Australia's seasonally adjusted unemployment rate unexpectedly inched lower to 5.0 percent in December of 2018 from 5.1 percent in the previous month while markets had expected 5.1 percent. The economy added 21,600 jobs while the number of unemployed decreased 14,100.

In December, the number of unemployed declined by 14,100 to 666,700, as people looking for full-time work fell 9,600 to 458,700, and those looking only for part-time work dropped 4,600 to 208,000. Male unemployment declined 12,900 persons and female unemployment decreased 1,200 persons.

Employment rose by 21,600 to 12,714,100, easily beating market consensus of an increase of 16,500. Part-time employment increased 24,600 to 4,035,300, while full-time employment decreased 3,000 to 8,678,800.

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

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


ABS l Rida Husna | rida@tradingeconomics.com
1/24/2019 12:53:38 AM



Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.00 5.10 11.20 4.00 percent [+]
Employed Persons 12694.26 12657.25 12694.26 5997.80 Thousand [+]
Unemployed Persons 683.12 672.05 959.99 364.64 Thousand [+]
Part Time Employment 24700.00 46200.00 72855.00 -73115.00 Persons [+]
Full Time Employment -3000.00 -8000.00 81000.00 -81000.00 Persons [+]
Employment Change 21600.00 39000.00 99080.00 -75004.00 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 175428.00 175510.00 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 62.30 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 January of 2019.

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




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.60 Nov/18
Turkey 11.60 Oct/18
Italy 10.50 Nov/18
France 9.10 Sep/18
Argentina 9.00 Sep/18
Euro Area 7.90 Nov/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Dec/18
Indonesia 5.34 Sep/18
Australia 5.00 Dec/18
Russia 4.80 Nov/18
United Kingdom 4.00 Nov/18
United States 3.90 Dec/18
China 3.80 Dec/18
South Korea 3.80 Dec/18
Netherlands 3.60 Dec/18
India 3.52 Dec/17
Mexico 3.40 Dec/18
Germany 3.30 Nov/18
Switzerland 2.70 Dec/18
Japan 2.50 Nov/18
Singapore 2.10 Sep/18


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