Australia's seasonally adjusted unemployment unexpectedly was at 3.9% in May 2022, remaining at its lowest on record for the third straight month and compared with market consensus of 3.8%, amid a steady recovery in the economy from the pandemic. The number of unemployed increased 7,800 to 548,100, with people looking for only part-time work rising by 30,600 to 187,000, while those looking for full-time job falling 22,800 to 361,100. Meantime, employment rose 60,600 to a fresh high of 13.511 million, easily beating forecasts, as full-time employment gained 69,400 to 9,443,400 while part-time employment dropped 8,700 to 4,067,500. The participation rate climbed to a record peak of 66.7% from 66.4 a month earlier. The underemployment rate fell to 5.7%, the lowest since August 2008, from 5.3% in April; and the underutilization rate dropped to 9.6%, the lowest since April 1982, from 9.9% Monthly hours worked in all jobs rose 17 million to 1,856 million hours or 0.9%. source: Australian Bureau of Statistics

Unemployment Rate in Australia averaged 6.74 percent from 1978 until 2022, reaching an all time high of 11.20 percent in December of 1992 and a record low of 3.90 percent in March of 2022. 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 June of 2022.

Unemployment Rate in Australia is expected to be 3.70 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 3.50 percent in 2023 and 3.80 percent in 2024, according to our econometric models.

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Australia Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-19 01:30 AM Apr 3.9% 3.9% 3.9% 4%
2022-06-16 01:30 AM May 3.9% 3.9% 3.8% 3.9%
2022-07-14 01:30 AM Jun 3.9%


Related Last Previous Unit Reference
Unemployment Rate 3.90 3.90 percent May 2022
Unemployed Persons 548.13 537.07 Thousand May 2022
Employed Persons 13510.89 13401.68 Thousand May 2022
Full Time Employment 69400.00 92400.00 Persons May 2022
Part Time Employment -8700.00 -89000.00 Persons May 2022
Employment Change 60600.00 4000.00 Persons May 2022
Labor Force Participation Rate 66.70 66.40 percent May 2022
Youth Unemployment Rate 8.76 8.79 percent May 2022
Productivity 104.90 103.00 points Mar 2022
Labour Costs 105.90 105.40 points Mar 2022
Job Vacancies 423.50 396.10 Thousand Mar 2022
Wages 1328.90 1305.80 AUD/Week Dec 2021
Wage Growth 2.40 2.30 percent Mar 2022
Wages In Manufacturing 1462.00 1432.80 AUD/Week Dec 2021
Population 25.68 25.60 Million Dec 2020
Employment Rate 63.80 63.40 percent Feb 2022

Australia Unemployment Rate
In Australia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual Previous Highest Lowest Dates Unit Frequency
3.90 3.90 11.20 3.90 1978 - 2022 percent Monthly
SA

News Stream
Australia Jobless Rate Stays at Record Low for 3rd Month
Australia's seasonally adjusted unemployment unexpectedly was at 3.9% in May 2022, remaining at its lowest on record for the third straight month and compared with market consensus of 3.8%, amid a steady recovery in the economy from the pandemic. The number of unemployed increased 7,800 to 548,100, with people looking for only part-time work rising by 30,600 to 187,000, while those looking for full-time job falling 22,800 to 361,100. Meantime, employment rose 60,600 to a fresh high of 13.511 million, easily beating forecasts, as full-time employment gained 69,400 to 9,443,400 while part-time employment dropped 8,700 to 4,067,500. The participation rate climbed to a record peak of 66.7% from 66.4 a month earlier. The underemployment rate fell to 5.7%, the lowest since August 2008, from 5.3% in April; and the underutilization rate dropped to 9.6%, the lowest since April 1982, from 9.9% Monthly hours worked in all jobs rose 17 million to 1,856 million hours or 0.9%.
2022-06-16
Australia Jobless Rate Stays at Record Low
Australia's seasonally adjusted unemployment was at 3.9% in April 2022, unchanged from a downwardly revised figure in March, amid a steady recovery in the economy from the pandemic, and matching market consensus. The latest print remained at its lowest level on record in the monthly survey, which was not far from a lower figure seen in August 1974, when the survey was quarterly. The number of unemployed fell 11,000 to 537,100, with people looking for only part-time work down 8,200 to 155,600, and those looking for full-time job falling 2,700 to 381,500. Meantime, employment rose 4,000 to a new peak of 13.402 million, but missing market forecasts of a 30,000 gain, as full-time employment gained 92,400 to 9,342,900 while part-time employment shed 88,400 to 4,058,800. The participation rate edged down to 66.3%. The underemployment rate fell 0.2 pts to 6.1%, and the underutilization rate dropped 0.3 pts to 10%. Monthly hours worked in all jobs rose 23 million to 1,833 million hours.
2022-05-19
Australia Jobless Rate Stays at 13-1/2-Year Low
Australia's seasonally adjusted unemployment stood at 4.0% in March 2022, unchanged from February's 13-1/2-year low figure and compared with market consensus of 3.9%. The number of unemployed dropped 12,100 to 551,300, with the number of people looking for only part-time work were down 25,500 to 162,000, while those for full-time gained by 15,000 to 389,300. Meantime, employment rose 17,900 to a fresh record high of 13.390 million, below market forecasts of 40,000, as full-time employment increased by 20,500 to 9,248,600 while part-time employment fell 2,700 to 4,141,300. The participation rate was steady at a record peak of 66.4%, compared with estimates of 66.5%. The underemployment rate edged down 0.2 points to 6.3%, and the underutilization rate declined 0.3 points to 10.3%. Monthly hours worked in all jobs went down 10.2 million, or 0.6%, to 1,803 million hours.
2022-04-14