Australia's seasonally adjusted unemployment rate was unchanged at 5.2 percent in June 2019, remaining at its highest level since August last year and matching market expectations. The economy added only 500 jobs while the number of unemployed increased by 6,600. Unemployment Rate in Australia averaged 6.83 percent from 1978 until 2019, reaching an all time high of 11.20 percent in December of 1992 and a record low of 4 percent in February of 2008.

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. Looking forward, we estimate Unemployment Rate in Australia to stand at 4.80 in 12 months time. In the long-term, the Australia Unemployment Rate is projected to trend around 4.80 percent in 2020, according to our econometric models.

Australia Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-18 01:30 AM Unemployment Rate Mar 5% 4.9% 5% 5%
2019-05-16 01:30 AM Unemployment Rate Apr 5.2% 5.1% 5.1% 5.1%
2019-06-13 01:30 AM Unemployment Rate May 5.2% 5.2% 5.1% 5%
2019-07-18 01:30 AM Unemployment Rate Jun 5.2% 5.2% 5.2% 5.10%
2019-08-16 01:30 AM Unemployment Rate Jul 5.2% 5.10%
2019-09-13 01:30 AM Unemployment Rate Aug 5%
2019-10-18 12:30 AM Unemployment Rate Sep 5%



Australia Jobless Rate Steady at Highest Since August 2018

Australia's seasonally adjusted unemployment rate was unchanged at 5.2 percent in June 2019, remaining at its highest level since August last year and matching market expectations.

The number of unemployed rose by 6,600 to 711,500 in June. People looking for only part-time work grew 11,900 to 223,900, while those looking for full-time work dropped by 5,300 to 487,600. Female unemployment went up by 11,300, while male unemployment decreased by 4,700.

Employment rose by just 500 people to 12,871,700 in June, far below market consensus of a 10,000 gain and after an upwardly revised 45,300 increase in May. Full-time employed persons advanced 21,100 to 8,815,600, while part-time employed persons fell 20,600 to 4,056,100.

The participation rate was unchanged at a record-high of 66.0 percent in June, in line with forecasts. Meantime, the employment to population ratio edged down 0.1 points to 62.5.

The underemployment rate dropped 0.4 points to 8.2 percent in June while the underutilisation rate fell 0.3 points to 13.4 percent.

Seasonally adjusted monthly hours worked in all jobs decreased by 0.1 million hours to 1,773.9 million hours.


ABS | Rida Husna | rida@tradingeconomics.com
7/18/2019 10:15:20 AM



Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.20 5.20 11.20 4.00 percent [+]
Employed Persons 12871.67 12871.20 12871.67 5997.67 Thousand [+]
Unemployed Persons 711.49 704.93 960.05 364.68 Thousand [+]
Part Time Employment -20625.00 42183.00 72505.00 -73138.00 Persons [+]
Full Time Employment 21096.00 3099.00 74800.00 -80829.00 Persons [+]
Employment Change 471.00 45283.00 99144.00 -74897.00 Persons [+]
Labor Force Participation Rate 66.00 66.00 66.00 60.10 percent [+]
Youth Unemployment Rate 12.00 11.90 20.10 7.60 percent [+]
Productivity 99.90 100.20 104.21 55.70 Index Points [+]
Labour Costs 103.80 103.60 103.80 44.10 Index Points [+]
Job Vacancies 243.20 244.90 244.90 28.40 Thousand [+]
Job Advertisements 159717.11 152736.83 258085.03 69798.90 [+]
Wages 1225.30 1207.40 1225.30 59.10 AUD/Week [+]
Wages In Manufacturing 1340.30 1304.50 1340.30 333.00 AUD/Week [+]
Wage Growth 2.30 2.30 4.30 1.90 percent [+]
Minimum Wages 740.80 719.20 740.80 522.12 AUD/week [+]
Population 25.18 24.70 25.18 10.39 Million [+]
Retirement Age Women 65.50 65.50 65.50 62.00 [+]
Retirement Age Men 65.50 65.50 65.50 65.00 [+]
Living Wage Family 2790.00 2920.00 2920.00 2770.00 AUD/Month [+]
Living Wage Individual 1770.00 1820.00 1820.00 1750.00 AUD/Month [+]
Wages Low Skilled 2710.00 2670.00 2710.00 2670.00 AUD/Month [+]
Wages High Skilled 6120.00 6250.00 6250.00 6120.00 AUD/Month [+]
Employment Rate 62.50 62.60 62.90 54.00 percent [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.20 5.20 11.20 4.00 1978 - 2019 percent Monthly
SA




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 13.00 Apr/19
Brazil 12.30 May/19
Argentina 10.10 Mar/19
Italy 9.90 May/19
France 8.70 Mar/19
Euro Area 7.50 May/19
India 6.00 Dec/18
Saudi Arabia 5.70 Mar/19
Canada 5.50 Jun/19
Australia 5.20 Jun/19
Indonesia 5.01 Mar/19
Russia 4.40 Jun/19
South Korea 4.00 Jun/19
United Kingdom 3.80 May/19
United States 3.70 Jun/19
China 3.67 Mar/19
Mexico 3.50 May/19
Netherlands 3.40 Jun/19
Germany 3.10 May/19
Japan 2.40 May/19
Singapore 2.20 Mar/19
Switzerland 2.10 Jun/19


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