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.