Australia's seasonally adjusted unemployment rate jumped to 6.2% in April 2020 from 5.2% in March, but below market expectations of 8.3%. It was the highest jobless rate since September 2015, amid business closures and lockdowns due to the coronavirus pandemic. The number of unemployed surged by 104,500 to 823,300. People looking for full-time rose by 115,000 to 622,300, while those looking for only part-time work fell by 10,600 to 200,900. Employment tumbled by 594,300, the largest drop on record, to 12,418,700, compared with estimates of a 575,000 fall, as full-time employment dropped by 220,500 to 8,656,900, and part-time employment declined by 373,800 to 3,761,800. The participation rate fell to an over 15-year low of 63.5%. The underemployment rate rose 4.9 points to a record of 13.7%, and the underutilization rate increased 5.9 points to an all-time high of 19.9%. Monthly hours worked in all jobs fell 163.9 million hours, or 8% to 1,625.8 million hours.

Unemployment Rate in Australia averaged 6.80 percent from 1978 until 2020, 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 May of 2020. source: Australian Bureau of Statistics

Unemployment Rate in Australia is expected to be 10.00 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 9.00 in 12 months time. In the long-term, the Australia Unemployment Rate is projected to trend around 8.00 percent in 2021 and 6.50 percent in 2022, according to our econometric models.

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Australia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.20 5.20 11.20 4.00 1978 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-20 12:30 AM Jan 5.3% 5.1% 5.2% 5.2%
2020-03-19 12:30 AM Feb 5.1% 5.3% 5.3% 5.3%
2020-04-16 01:30 AM Mar 5.2% 5.1% 5.5% 5.5%
2020-05-14 01:30 AM Apr 6.2% 5.2% 8.3% 9%
2020-06-13 01:30 AM May 6.2% 8%
2020-07-18 01:30 AM Jun 10%
2020-08-15 01:30 AM Jul
2020-09-19 01:30 AM Aug


News Stream
Australia Jobless Rate Highest Since 2015
Australia's seasonally adjusted unemployment rate jumped to 6.2% in April 2020 from 5.2% in March, but below market expectations of 8.3%. It was the highest jobless rate since September 2015, amid business closures and lockdowns due to the coronavirus pandemic. The number of unemployed surged by 104,500 to 823,300. People looking for full-time rose by 115,000 to 622,300, while those looking for only part-time work fell by 10,600 to 200,900. Employment tumbled by 594,300, the largest drop on record, to 12,418,700, compared with estimates of a 575,000 fall, as full-time employment dropped by 220,500 to 8,656,900, and part-time employment declined by 373,800 to 3,761,800. The participation rate fell to an over 15-year low of 63.5%. The underemployment rate rose 4.9 points to a record of 13.7%, and the underutilization rate increased 5.9 points to an all-time high of 19.9%. Monthly hours worked in all jobs fell 163.9 million hours, or 8% to 1,625.8 million hours.
2020-05-14
Australia Jobless Rate Below Estimates
Australia's seasonally adjusted unemployment rate edged up to 5.2% in March 2020 from 5.1% in February and below market expectations of 5.5%. The ABS warned that figures did not capture the full impact of the coronavirus as the reference weeks covered the first half of March, before lockdown measures. The number of unemployed people rose by 20,300 to 718,600. People looking for full-time increased by 31,400 to 505,500, while those looking for only part-time work dropped 11,100 to 213,100. Employment rose by 5,900 to 13,017,600 and easily beating estimates of a 40,000 fall, as part-time employment went up by 6,400 to 4,135,400, while full-time employment declined by 400 to 8,882,200. Meantime, the participation rate was unchanged at 66%, above forecasts of 65.9%. The underemployment rate was up 0.1 points to 8.7%, and the underutilization rate ticked up 0.1 points to 13.9%. Monthly hours worked in all jobs increased by 8.6 million hours, or 0.5% to 1,784.9 million hours.
2020-04-16
Australia Jobless Rate Unexpectedly Falls in February
Australia's seasonally adjusted unemployment rate fell to 5.1 percent in February 2020 from 5.3 percent in the previous month and below market expectations of 5.3 percent. The number of unemployed people dropped by 26,400, while employment rose by 26,700. People looking for full-time declined by 34,000 to 468,300 and those looking for only part-time work increased 7,900 to 220,400. Employment rose by 26,700 to 13,015,100 and easily beating estimates of a 10,000 gain, as full-time employment grew by 13,300 to 8,885,600, and part-time employment went up by 7,800 to 4,124,500. Meantime, the participation rate edged down 0.1 points to 66 percent, below forecasts of 66.1 percent. The underemployment rate was steady at 8.6 percent, and the underutilisation rate fell 0.2 points to 13.7 percent. Monthly hours worked in all jobs dropped by 3 million hours, or 0.2 percent to 1,775.4 million hours.
2020-03-19
Australia Jobless Rate Above Forecasts
Australia's seasonally adjusted unemployment rate rose to 5.3% in January 2020 from 5.1% in the previous month, above market expectations of 5.2%. It was the highest jobless rate since October last year, as the number of unemployed people increased by 31,000 to 725,900. People looking for full-time work went up by 19,600 to 508,500 and those looking for only part-time work increased 11,400 to 217,400. Employment rose by 13,500 to 12,995,400 and above estimates of a 10,000 gain. Full-time employment grew 46,200 to 8,882,200, while part-time employment dropped 32,700 to 4,113,300. Meantime, the participation rate edged up 0.1 points to 66.1%, the highest in four months and slightly above forecasts of 66%. The underemployment rate rose to 8.6% in January from 8.3% in December, while the underutilisation rate went up 0.5 points to 13.9%. Monthly hours worked in all jobs fell by 8.1 million hours, or 0.4% to 1,781.8 million hours.
2020-02-20

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.