Unemployment Rate in Australia is expected to be 5.20 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 5.30 percent in 2020, according to our econometric models.


Forecast Data Chart
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Australia Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 5 5.2 5.3 5.1 5 5.3
Employed Persons 12672 12710 12820 12900 12910 13500
Unemployed Persons 672 662 650 642 637 627
Part Time Employment -9461 4847 7117 6818 6818 6900
Full Time Employment 42300 19719 15334 14508 14274 14184
Employment Change 32800 17100 22961 23201 23167 15600
Labor Force Participation Rate 65.6 65.6 65.8 65.7 65.58 66
Youth Unemployment Rate 11.3 12 12.8 12.2 12.2 13
Productivity 102 101 101 102 102 102
Labour Costs 101 101 101 101 101 101
Job Vacancies 241 243 243 241 239 237
Job Advertisements 175905 174886 174170 173664 173324 172668
Wages 1207 1210 1230 1230 1230 1300
Wage Growth 2.3 2.4 2.4 2.35 2.27 3.3
Wages In Manufacturing 1304 1310 1350 1350 1338 1400
Minimum Wages 719 719 740 740 740 760
Population 24.7 25.3 25.4 25.5 25.32 26
Retirement Age Women 65.5 65.5 65.5 65.5 65.5 66
Retirement Age Men 65.5 65.5 65.5 65.5 65.5 66
Living Wage Family 2790 3500 3600 2822 2825 3600
Living Wage Individual 1770 1781 1779 1778 1776 1777
Wages Low Skilled 2710 2481 2506 2700 2703 2506
Wages High Skilled 6120 6200 6200 6151 6144 6300
Employment Rate 62.2 62.26 62.3 62.33 62.35 62.4