Australia Unemployment Rate - Forecast

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 5.40 in 12 months time. In the long-term, the Australia Unemployment Rate is projected to trend around 5.60 percent in 2020, according to our econometric models.


Australia Unemployment Rate
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Australia Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 5.5 5.3 5.2 5.4 5.4 5.6
Employed Persons 12484 12550 12660 12710 12820 13500
Unemployed Persons 730 720 723 717 723 721
Part Time Employment 24769 4284 7023 6792 6827 6900
Full Time Employment -19900 22790 12086 27394 24028 22871
Employment Change 4900 38209 19708 17100 34291 15600
Labor Force Participation Rate 65.5 65.7 65.6 65.6 65.8 66
Youth Unemployment Rate 12.5 13 13.2 13 12.8 13
Productivity 100 99.6 99.45 99.34 99.26 98.7
Labour Costs 101 100 100 100 100 100
Job Vacancies 221 227 232 233 233 231
Job Advertisements 177084 179684 179102 176888 173821 145976
Wages 1192 1200 1210 1210 1230 1300
Wage Growth 2.1 2.3 2.3 2.4 2.4 3.3
Wages In Manufacturing 1309 1290 1310 1310 1350 1400
Minimum Wages 695 705 705 705 740 760
Population 24.13 24.26 24.25 24.24 24.28 24.82
Retirement Age Women 65.5 65.5 65.5 65.5 65 66
Retirement Age Men 65.5 65.5 65.5 65.5 65 66
Living Wage Family 3420 3500 3500 3500 3600 3600
Living Wage Individual 2420 2420 2420 2420 2420 2420
Wages Low Skilled 2440 2481 2481 2481 2506 2506
Wages High Skilled 6110 6200 6200 6200 6300 6300
Employment Rate 61.9 62.41 62.42 62.3 62.1 62.12