The number of unemployed persons in Australia decreased to 704.70 Thousand in May of 2019 from 707 Thousand in April of 2019. Unemployed Persons in Australia averaged 633.23 Thousand from 1978 until 2019, reaching an all time high of 960.05 Thousand in December of 1992 and a record low of 364.68 Thousand in June of 1981.
Unemployed Persons in Australia is expected to be 700.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployed Persons in Australia to stand at 640.00 in 12 months time. In the long-term, the Australia Unemployed Persons is projected to trend around 626.55 Thousand in 2020, according to our econometric models.