Youth Unemployment Rate in Australia increased to 16.10 percent in May from 14.10 percent in April of 2020.

Youth Unemployment Rate in Australia averaged 13.38 percent from 1978 until 2020, reaching an all time high of 20.10 percent in October of 1992 and a record low of 7.60 percent in August of 2008. This page provides - Australia Youth Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Youth Unemployment Rate - values, historical data and charts - was last updated on July of 2020. source: Australian Bureau of Statistics

Youth Unemployment Rate in Australia is expected to be 18.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Youth Unemployment Rate in Australia to stand at 17.00 in 12 months time. In the long-term, the Australia Youth Unemployment Rate is projected to trend around 15.00 percent in 2021 and 13.00 percent in 2022, according to our econometric models.

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Australia Youth Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
16.10 14.10 20.10 7.60 1978 - 2020 percent Monthly
SA

Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.10 6.40 11.20 4.00 percent [+]
Employed Persons 12154.09 12381.80 12992.34 5997.66 Thousand [+]
Unemployed Persons 927.59 841.93 960.16 364.69 Thousand [+]
Part Time Employment -138584.00 -371472.00 72828.00 -371472.00 Persons [+]
Full Time Employment -89100.00 -235900.00 74800.00 -235900.00 Persons [+]
Employment Change -227700.00 -607400.00 99100.00 -607400.00 Persons [+]
Labor Force Participation Rate 62.90 63.60 66.20 60.10 percent [+]
Youth Unemployment Rate 16.10 14.10 20.10 7.60 percent [+]
Labour Costs 104.80 104.80 104.80 43.30 points [+]
Productivity 100.20 100.00 104.21 55.70 points [+]
Job Vacancies 226.50 237.10 244.90 28.40 Thousand [+]
Job Advertisements 89252.00 63428.15 258095.47 63112.34 [+]
Wages 1257.00 1237.90 1257.00 59.10 AUD/Week [+]
Wages In Manufacturing 1350.60 1338.30 1350.60 333.00 AUD/Week [+]
Wage Growth 2.10 2.20 4.30 1.90 percent [+]
Minimum Wages 753.80 740.80 753.80 522.12 AUD/week [+]
Population 25.60 25.18 25.60 10.39 Million [+]
Retirement Age Women 66.00 65.50 66.00 62.00 [+]
Retirement Age Men 66.00 65.50 66.00 65.00 [+]
Employment Rate 58.40 59.50 62.90 54.00 percent [+]