Australia Unemployment Rate - Forecast

Unemployment Rate in Australia is expected to be 5.40 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 5.60 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.


Forecast Data Chart
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Australia Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 5.3 5.4 5.5 5.5 5.6 5.6
Employed Persons 12631 12660 12710 12820 12900 13500
Unemployed Persons 709 712 709 707 706 702
Part Time Employment 10250 8537 7589 7526 7524 6900
Full Time Employment 33700 13447 11039 10482 10397 10376
Employment Change 44000 23014 17100 22869 22881 15600
Labor Force Participation Rate 65.7 65.6 65.6 65.8 65.7 66
Youth Unemployment Rate 11.7 12.2 12 12.8 12.2 13
Productivity 102 102 101 101 102 102
Labour Costs 101 101 101 101 101 101
Job Vacancies 234 246 253 257 259 257
Job Advertisements 177241 177013 177068 176990 176924 176792
Wages 1207 1210 1210 1230 1230 1300
Wage Growth 2.1 2.3 2.4 2.4 1.99 3.3
Wages In Manufacturing 1304 1310 1310 1350 1350 1400
Minimum Wages 719 719 719 740 740 760
Population 24.7 25.2 25.3 25.4 25.5 26
Retirement Age Women 65.5 65.5 65.5 65.25 65 66
Retirement Age Men 65.5 65.5 65.5 66 66 66
Living Wage Family 3420 3500 3500 3600 3442 3600
Living Wage Individual 2420 2431 2432 2431 2431 2430
Wages Low Skilled 2440 2481 2481 2506 2494 2506
Wages High Skilled 6110 6200 6200 6200 6144 6300
Employment Rate 62.1 62.12 62.15 62.17 62.19 62.22