Australia Youth Unemployment Rate  Forecast


Youth Unemployment Rate in Australia is expected to be 12.58 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in Australia to stand at 12.67 in 12 months time. In the long-term, the Australia Youth Unemployment Rate is projected to trend around 12.87 percent in 2020, according to our econometric models.


Australia Youth Unemployment Rate
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Australia Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 5.5 5.5 5.4 5.6 5.6 5.6
Employed Persons 12269 12340 12368 12381 12387 12375
Unemployed Persons 727 727 724 721 718 697
Part Time Employment 13693 6372 6437 6445 6445 6900
Full Time Employment 6100 9865 8040 7431 7183 7039
Employment Change 19800 18600 15742 14372 13817 15600
Labor Force Participation Rate 65.2 65.18 65.16 65.14 65.13 64.99
Youth Unemployment Rate 12.6 12.58 12.61 12.64 12.67 12.87
Productivity 102 102 102 102 102 102
Labour Costs 99.8 99.1 99.06 98.76 98.72 97.62
Job Vacancies 201 215 225 231 233 223
Job Advertisements 180700 182327 181409 178977 175715 149466
Wages 1179 1190 1195 1200 1204 1228
Wages In Manufacturing 1254 1244 1238 1235 1233 1223
Wage Growth 1.9 1.9 2.12 2 2.27 3.3
Minimum Wages 695 695 695 705 705 760
Population 24.13 24.26 24.3 24.33 24.37 24.66
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
Wages High Skilled 5350 5537 5538 5538 5538 5538
Living Wage Family 2582 2586 2587 2586 2586 2586
Living Wage Individual 2260 2231 2230 2231 2230 2231
Employment Rate 61.24 61.28 61.22 61.18 61.13 60.81