Australia's seasonally adjusted unemployment rate edged up to 5.3 percent in August 2019 from 5.2 percent in the previous month and in line with market expectations. It was the highest jobless rate since August last year, as the number of unemployed increased by 4,100 and employment rose by 34,700. Unemployment Rate in Australia averaged 6.82 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 5.00 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
2019-06-13 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%
2019-08-15 01:30 AM Unemployment Rate Jul 5.2% 5.2% 5.2% 5.2%
2019-09-19 01:30 AM Unemployment Rate Aug 5.3% 5.2% 5.3% 5.3%
2019-10-17 12:30 AM Unemployment Rate Sep 5.3% 5%
2019-11-14 12:30 AM Unemployment Rate Oct 4.9%
2019-12-19 12:30 AM Unemployment Rate Nov 4.9%



Australia Jobless Rate Highest in a Year

Australia's seasonally adjusted unemployment rate edged up to 5.3 percent in August 2019 from 5.2 percent in the previous month and in line with market expectations. It was the highest jobless rate since August last year, as the number of unemployed increased by 4,100 and employment rose by 34,700.

The number of unemployed rose by 4,100 to 716,800 in August. People looking for only part-time work went up 27,000 to 223,300, while those looking for full-time work declined by 22,900 to 493,500. Male unemployment grew by 6,700 to 382,200, while female unemployment fell 2,700 to 334,500.

Employment increased by 34,700 to 12,926,900 people in August, easily beating market consensus of a 10,000 gain and compared to a downwardly revised 36,400 increase in July. Part-time employed persons rose by 50,200 to 4,108,900, while full-time employed persons dropped 15,500 to 8,818,000. 

The participation rate edged up 0.1 point to a new record high of 66.2 in August, above forecasts of 66.1 percent. Also, the employment to population ratio rose 0.1 point to 62.7.

The underemployment rate increased 0.2 points to 8.6 percent in August, while the underutilisation rate rose 0.2 points to 13.8 percent.

Seasonally adjusted monthly hours worked in all jobs increased by 3.9 million hours, or 0.2 percent, to 1,782.6 million hours.


ABS | Rida Husna | rida@tradingeconomics.com
9/19/2019 10:23:01 AM



Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.30 5.20 11.20 4.00 percent [+]
Employed Persons 12926.89 12892.24 12926.89 5997.59 Thousand [+]
Unemployed Persons 716.78 712.67 960.18 364.72 Thousand [+]
Part Time Employment 50188.00 4406.00 72537.00 -73168.00 Persons [+]
Full Time Employment -15536.00 32037.00 74789.00 -80825.00 Persons [+]
Employment Change 34652.00 36444.00 99147.00 -74901.00 Persons [+]
Labor Force Participation Rate 66.20 66.10 66.20 60.10 percent [+]
Youth Unemployment Rate 11.70 11.90 20.10 7.60 percent [+]
Productivity 100.00 100.00 104.21 55.70 Index Points [+]
Labour Costs 105.10 103.90 105.10 44.10 Index Points [+]
Job Vacancies 243.20 244.90 244.90 28.40 Thousand [+]
Job Advertisements 156977.80 161488.22 258084.89 69798.90 [+]
Wages 1237.90 1225.30 1237.90 59.10 AUD/Week [+]
Wages In Manufacturing 1338.30 1340.30 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 62.70 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.30 5.20 11.20 4.00 1978 - 2019 percent Monthly
SA




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.60 Jun/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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