Australia's seasonally adjusted unemployment rate fell to 6.4% in January 2020 from 6.6% a month earlier and below market consensus of 6.5%. This was the lowest jobless rate since April, as the economy emerged gradually from the COVID-19 shocks. The number of unemployed declined by 34,300 to 877,600 people, as people looking for full-time work was down by 40,300 to 618,400 and those looking for only part-time work decreased by 5,900 to 259,200. Employment grew by 29,100 to 12,939,900, missing market estimates of an increase of 40,000, as full-time employment went up by 59,000 to 8,820,400, while part-time employment dropped 29,800 to 4,119,500. The participation rate was at 66.1%, compared with forecasts and December's 16-month high of 66.2%. The underemployment rate fell 0.4 points to 8.1%, and the underutilization rate dropped 0.6 points to 14.5%. Monthly hours worked in all jobs fell 86 million hours, or 4.9% to 1,667 million hours. source: Australian Bureau of Statistics

Unemployment Rate in Australia averaged 6.80 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 March of 2021.

Unemployment Rate in Australia is expected to be 6.40 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 6.00 in 12 months time. In the long-term, the Australia Unemployment Rate is projected to trend around 5.90 percent in 2022, according to our econometric models.

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Australia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.40 6.60 11.20 4.00 1978 - 2021 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-19 12:30 AM Oct 7% 6.9% 7.2% 7.1%
2020-12-17 12:30 AM Nov 6.8% 7% 7% 7%
2021-01-21 12:30 AM Dec 6.6% 6.8% 6.7% 7%
2021-02-18 12:30 AM Jan 6.4% 6.6% 6.5% 6.5%
2021-03-18 12:30 AM Feb 6.4% 6.3%
2021-04-15 01:30 AM Mar 6.2%
2021-05-20 01:30 AM Apr
2021-06-18 01:30 AM May


News Stream
Australia Jobless Rate Drops to 9-Month Low
Australia's seasonally adjusted unemployment rate fell to 6.4% in January of 2021 from 6.6% a month earlier and below market consensus of 6.5%. This was the lowest jobless rate since April, as the economy emerged gradually from the COVID-19 shocks. The number of unemployed declined by 34,300 to 877,600 people, as people looking for full-time work was down by 40,300 to 618,400 and those looking for only part-time work decreased by 5,900 to 259,200. Employment grew by 29,100 to 12,939,900, missing market estimates of an increase of 40,000, as full-time employment went up by 59,000 to 8,820,400, while part-time employment dropped 29,800 to 4,119,500. The participation rate was at 66.1%, compared with forecasts and December's 16-month high of 66.2%. The underemployment rate fell 0.4 points to 8.1%, and the underutilization rate dropped 0.6 points to 14.5%. Monthly hours worked in all jobs fell 86 million hours, or 4.9% to 1,667 million hours.
2021-02-18
Australia Jobless Rate Drops to 8-Month Low
Australia's seasonally adjusted unemployment rate fell to 6.6% in December 2020 from 6.8% a month earlier and below market consensus of 6.7%. This was the lowest jobless rate since April, as the economy emerged gradually from the COVID-19 shocks. The number of unemployed declined by 30,100 to 912,000 people, as people looking for full-time work was down by 14,300 to 658,700 and those looking for only part-time work declined by 15,800 to 253,300. Employment grew by 50,000 to 12,910,800, matching market estimates, as full-time employment went up by 35,700 to 8,761,400, and part-time employment gained 14,300 to 4,149,300. The participation rate edged up to a 16-month high of 66.2% in December from 66.1% in November, in line with forecasts. The underemployment rate fell to 0.8 points to 8.5%, and the underutilization rate dropped 1.1 points to 15.1%. Monthly hours worked in all jobs rose 2 million hours, or 0.1% to 1,753 million hours.
2021-01-21
Australia Jobless Rate Unexpectedly Falls
Australia's seasonally adjusted unemployment rate unexpectedly was at 6.8% in November 2020, compared with market consensus and October's figure of 7%. This was the lowest jobless rate since August, as the economy emerged gradually from the COVID-19 hit. The number of unemployed declined by 17,300 to 942,100 people, as people looking for full-time work was down by 11,400 to 673,000 and those looking for only part-time work rose by 5,900 to 269,100. Employment grew by 90,000 to 12,860,700, beating estimates of a 50,000 gain, as full-time employment went up by 84,200 to 8,725,700, and part-time employment gained 5,800 to 4,135,000. The participation rate rose to a ten-month high of 66.1% in November from 65.8% in October, above forecasts of 66%. The underemployment rate fell to 9.4% from 10.4% in the prior month, and the underutilization rate dropped 1.2 points to 16.2%. Monthly hours worked in all jobs rose 42.8 million hours, or 2.5% to 1,752 million hours.
2020-12-17
Australia Jobless Rate Rises Less than Expected in October
Australia's seasonally adjusted unemployment rate edged up to 7% in October 2020 from 6.9% in September but below market consensus of 7.2%. This was the highest jobless rate since July, amid the prolonged COVID-19 crisis. The number of unemployed increased by 25,500 to 960,900 people, as people looking for full-time work was down by 16,000 to 684,800 and those looking for only part-time work advanced 41,500 to 276,100. Employment soared by 178,800 to 12,773,900, beating estimates of a 30,000 fall, as full-time employment went up by 97,000 to 8,643,700, and part-time employment gained 81,800 to 4,130,200. The participation rate rose to a seven-month high of 65.8% in October from an upwardly revised 64.9% in September, above forecasts of 64.7%. The underemployment rate fell to 10.4% from 11.4% in the prior month, and the underutilization rate dropped 0.9 points to 17.4%. Monthly hours worked in all jobs rose 20.6 million hours, or 1.2% to 1,711 million hours.
2020-11-19

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.