Australia's seasonally adjusted unemployment rate edged up to 6.9% in September 2020 from 6.8% in August but below market consensus of 7.1%, amid the coronavirus crisis. The number of unemployed increased by 11,300 to 937,400 people, as people looking for full-time work went up by 8,900 to 703,200 and those looking for only part-time work rose by 2,300 to 234,200. Employment fell by 29,500 to 12,571,900, less than estimates of a 35,000 decrease, as full-time employment dropped by 20,100 to 8,540,300, and part-time employment declined by 9,400 to 4,031,700. The participation rate inched down to 64.8% in September from a five-month high of 64.9% in August, in line with forecasts. The underemployment rate ticked higher to 11.4% from 11.3% in August, and the underutilization rate rose 0.2 points to 18.3%. Monthly hours worked in all jobs gained 8.7 million hours, or 0.5% to 1,688 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 October of 2020. source: Australian Bureau of Statistics

Unemployment Rate in Australia is expected to be 7.50 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 6.60 in 12 months time. In the long-term, the Australia Unemployment Rate is projected to trend around 6.30 percent in 2021, according to our econometric models.

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Australia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.90 6.80 11.20 4.00 1978 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-16 01:30 AM Jun 7.4% 7.1% 7.4% 7.5%
2020-08-13 01:30 AM Jul 7.5% 7.4% 7.8% 7.7%
2020-09-17 01:30 AM Aug 6.8% 7.5% 7.7% 7.7%
2020-10-15 12:30 AM Sep 6.9% 6.8% 7.1% 7%
2020-11-19 12:30 AM Oct 6.9% 7.5%
2020-12-17 12:30 AM Nov 8%


News Stream
Australia Jobless Rate Rises Below Estimates in September
Australia's seasonally adjusted unemployment rate edged up to 6.9% in September 2020 from 6.8% in August but below market consensus of 7.1%, amid the coronavirus crisis. The number of unemployed increased by 11,300 to 937,400 people, as people looking for full-time work went up by 8,900 to 703,200 and those looking for only part-time work rose by 2,300 to 234,200. Employment fell by 29,500 to 12,571,900, less than estimates of a 35,000 decrease, as full-time employment dropped by 20,100 to 8,540,300, and part-time employment declined by 9,400 to 4,031,700. The participation rate inched down to 64.8% in September from a five-month high of 64.9% in August, in line with forecasts. The underemployment rate ticked higher to 11.4% from 11.3% in August, and the underutilization rate rose 0.2 points to 18.3%. Monthly hours worked in all jobs gained 8.7 million hours, or 0.5% to 1,688 million hours.
2020-10-15
Australia Jobless Rate Unexpectedly Drops in August
Australia's seasonally adjusted unemployment rate unexpectedly fell to 6.8% in August 2020 from a near 22-year high of 7.5% in July and below market consensus of 7.7%. This was the lowest jobless rate since April as COVID-19 restrictions eased across most states. The number of unemployed declined by 86,500 to 921,800 people. People looking for full-time work fell by 40,300 to 689,600 and those looking for only part-time work dropped by 46,200 to 232,200. Employment rose by 111,000 to 12,583,400, beating estimates of a 50,000 decrease, as full-time employment went up by 36,200 to 8,584,500, and part-time employment advanced by 74,800 to 3,998,900. The participation rate rose to a five-month high of 64.8%, above forecasts of 64.7%. The underemployment rate was steady at 11.2%, and the underutilization rate declined 0.7 points to 18%. Monthly hours worked in all jobs rose 1.6 million hours, or 1.6% to 1,683.4 million hours.
2020-09-17
Australia Jobless Rate Highest Since 1998
Australia's seasonally adjusted unemployment rate edged up to 7.5% in July 2020 from 7.4% in June and compared with market consensus of 7.8%. This was the highest jobless rate since November 1998, amid the severe impact of the COVID-19 crisis. The number of unemployed increased by 15,700 to 1,009,400 people. People looking for only part-time work grew 18,400 to 278,800, while those looking for full-time work fell by 2,700 to 730,600. Employment rose 114,700 to 12,460,800, beating estimates of a 40,000 rise, as full-time employment gained 43,500 to 8,547,100, and part-time employment went up by 71,200 to 3,913,600. The participation rate rose to a four-month high of 64.7%, above forecasts of 63.4%. The underemployment rate fell 0.5 points to 11.2%, and the underutilization rate declined 0.4 points to 18.7%. Monthly hours worked in all jobs rose 21.7 million hours, or 5% to 1,681.3 million hours.
2020-08-13
Australia Jobless Rate Highest Since 1998
Australia's seasonally adjusted unemployment rate surged to 7.4% in June 2020 from 7.1% in May, in line with market expectations. It was the highest jobless rate since November 1998, as public health measures to contain the COVID-19 crisis took a huge toll on the economy, including the labor market. The number of unemployed soared 69,300 to an all-time high of 992,300. People looking for full-time rose by 38,000 to 731,600 and those looking for only part-time work went up 31,300 to 260,700. Employment increased 210,800 to 12,328,500, beating estimates of a 112,000 rise, as part-time employment went up by 249,000 to 3,839,400, while full-time employment dropped by 38,100 to 8,489,100. The participation rate rose to a 3-month high of 64%, above forecasts of 63.6%. The underemployment rate was down 1.4 points to 11.7%, and the underutilization rate declined 1 point to 19.1%. Monthly hours worked in all jobs rose 64.3 million hours, or 4% to 1,664.7 million hours.
2020-07-16

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.