Australia's seasonally adjusted unemployment rate was at 4.6% in September 2021, little changed from a near 13-year low of 4.5% in August and compared with market consensus of 4.8%. This was also the first rise in the jobless rate since September 2020, amid extended lockdowns in New South Wales, Victoria and the Australian Capital Territory. The number of unemployed rose by 8,900 to 626 thousand, as people looking for full-time work increased 4,900 to 418,400, and those looking for only part-time added 4,100 to 207,700. Meanwhile, employment fell 138,000 to 12.88 million, in line with forecasts, with part-time employment declining 164,700 while full-time employment increased 26,700. The participation rate was down 0.7 points to 64.5 percent, below estimates of 64.7. The underemployment rate inched down 0.1 points to 9.2 percent, and the underutilization rate rose 0.1 points to 13.9 percent. Monthly hours worked in all jobs advanced 15 million, or 0.9 percent, to 1,729 million hours. source: Australian Bureau of Statistics
Unemployment Rate in Australia averaged 6.78 percent from 1978 until 2021, reaching an all time high of 11.20 percent in December of 1992 and a record low of 4 percent in February of 2008. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
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. In the long-term, the Australia Unemployment Rate is projected to trend around 4.50 percent in 2022 and 4.00 percent in 2023, according to our econometric models.