Australia Unemployment Rate

Australia's seasonally adjusted unemployment rate stood at 5.2 percent in July 2019, unchanged from the previous month and in line market expectations. The economy added 41,100 jobs while the number of unemployed rose by 800. Unemployment Rate in Australia averaged 6.83 percent from 1978 until 2019, 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 5.00 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 5.00 in 12 months time. In the long-term, the Australia Unemployment Rate is projected to trend around 4.80 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2019-05-16	01:30 AM	Unemployment Rate Apr	5.2%	5.1%	5.1%	5.1%
2019-06-13	01:30 AM	Unemployment Rate May	5.2%	5.2%	5.1%	5%
2019-07-18	01:30 AM	Unemployment Rate Jun	5.2%	5.2%	5.2%	5.10%
2019-08-15	01:30 AM	Unemployment Rate Jul	5.2%	5.2%	5.2%	5.2%
2019-09-19	01:30 AM	Unemployment Rate Aug		5.2%	5.3%	5.3%
2019-10-17	12:30 AM	Unemployment Rate Sep				5%
2019-11-14	12:30 AM	Unemployment Rate Oct				4.9%

Australia Jobless Rate Holds Steady at 5.2%

Australia's seasonally adjusted unemployment rate stood at 5.2 percent in July 2019, unchanged from the previous month and in line market expectations.

The number of unemployed rose by 800 to 712,900 in July. People looking for full-time work increased by 26,300 to 516,700, while those looking for only part-time work declined by 25,500 to 196,200. Female unemployment was nearly unchanged at 335,800, while male unemployment grew by 900 to 377,200.

Employment increased by 41,100 people to 12,908,200 in July, easily beating market consensus of a 14,000 gain and reversing a revised 2,300 fall in June. Full-time employed persons advanced by 34,500 to 8,847,100, and part-time employed persons grew by 6,700 to 4,061,100.

The participation rate edged up 0.1 point to a new record high of 66.1 in July, above forecasts of 66.0 percent. Also, the employment to population ratio rose 0.1 point to 62.6.

The underemployment rate went up 0.2 points to 8.4 percent in July while the underutilisation rate rose 0.2 points to 13.6 percent.

Seasonally adjusted monthly hours worked in all jobs increased by 8.8 million hours to 1,780.1 million hours.

ABS | Rida Husna | rida@tradingeconomics.com
8/15/2019 10:05:31 AM

News

Australia Jobless Rate Steady at Highest Since August 2018
Australia's seasonally adjusted unemployment rate was unchanged at 5.2 percent in June 2019, remaining at its highest level since August last year and matching market expectations.
Published on 2019-07-18

Australia Jobless Rate Holds at 8-Month High in May
Australia's seasonally adjusted unemployment rate stood at 5.2 percent in May 2019, unchanged from the previous month's eighth month-high and above market expectations of 5.1 percent. The economy added 42,300 jobs while the number of unemployed fell by 2,400.
Published on 2019-06-13

Australia Jobless Rate Rises to 8-Month High of 5.2%
Australia's seasonally adjusted unemployment rate edged up to 5.2 percent in April 2019 from an upwardly revised 5.1 percent in the previous month and slightly above market expectations of 5.1 percent. It was the highest jobless rate since August last year, as the economy added 28,400 jobs while the number of unemployed increased by 21,200.
Published on 2019-05-16

Australia Jobless Rate Rises to 5% in March
Australia's seasonally adjusted unemployment rate edged up to 5.0 percent in March 2019 from a near eight-year low of 4.9 percent in the previous month and matching market expectations. The economy added 25,700 jobs while the number of unemployed increased by 17,100.
Published on 2019-04-18

Australia Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	5.20	5.20	11.20	4.00	percent	[+]
Employed Persons	12908.17	12867.04	12908.17	5997.65	Thousand	[+]
Unemployed Persons	712.92	712.13	960.17	364.73	Thousand	[+]
Part Time Employment	6654.00	-23345.00	72524.00	-73157.00	Persons	[+]
Full Time Employment	34474.00	21003.00	74805.00	-80836.00	Persons	[+]
Employment Change	41127.00	-2342.00	99138.00	-74910.00	Persons	[+]
Labor Force Participation Rate	66.10	66.00	66.10	60.10	percent	[+]
Youth Unemployment Rate	11.90	12.10	20.10	7.60	percent	[+]
Productivity	100.00	100.00	104.21	55.70	Index Points	[+]
Labour Costs	105.10	103.90	105.10	44.10	Index Points	[+]
Job Vacancies	243.20	244.90	244.90	28.40	Thousand	[+]
Job Advertisements	156977.80	161488.22	258084.89	69798.90		[+]
Wages	1237.90	1225.30	1237.90	59.10	AUD/Week	[+]
Wages In Manufacturing	1338.30	1340.30	1340.30	333.00	AUD/Week	[+]
Wage Growth	2.30	2.30	4.30	1.90	percent	[+]
Minimum Wages	740.80	719.20	740.80	522.12	AUD/week	[+]
Population	25.18	24.70	25.18	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	62.60	62.50	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 September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	5.20	5.20	11.20	4.00	1978 - 2019	percent	Monthly	SA

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Country	Last		Previous	Range
South Africa	29.00	Jun/19	27.6	31.2 : 21.5	%
Spain	14.02	Jun/19	14.7	26.94 : 4.41	%
Turkey	13.00	Jun/19	12.8	14.8 : 7.3	%
Brazil	11.80	Jul/19	12	13.7 : 6.2	%
Argentina	10.10	Mar/19	9.1	20.8 : 5.9	%
Italy	9.90	Jul/19	9.8	13.1 : 5.8	%
France	8.50	Jun/19	8.7	10.7 : 7.2	%
Euro Area	7.50	Jul/19	7.5	12.1 : 7.3	%
India	6.00	Dec/18	5	8.3 : 3.53	%
Canada	5.70	Aug/19	5.7	13.1 : 2.9	%
Saudi Arabia	5.60	Jun/19	5.7	6.3 : 4.35	%
Australia	5.20	Jul/19	5.2	11.2 : 4	%
Indonesia	5.01	Mar/19	5.34	11.24 : 2	%
Russia	4.50	Jul/19	4.4	14.1 : 4.4	%
United Kingdom	3.80	Jul/19	3.9	12 : 3.4	%
Mexico	3.70	Jul/19	3.6	6.42 : 2.22	%
United States	3.70	Aug/19	3.7	10.8 : 2.5	%
China	3.61	Jun/19	3.67	4.3 : 3.61	%
Netherlands	3.40	Jul/19	3.4	7.9 : 3.3	%
South Korea	3.10	Aug/19	4	7.1 : 3	%
Germany	3.00	Jul/19	3.1	11.5 : 0.4	%
Japan	2.20	Jul/19	2.3	5.5 : 1	%
Singapore	2.20	Jun/19	2.2	6 : 1.4	%
Switzerland	2.10	Aug/19	2.1	5.7 : 1.5	%