Australia's seasonally adjusted unemployment increased to 3.7% in July from 3.5% in the previous month, above market expectations of 3.6%, and pointing to the highest level since April. The number of unemployed individuals rose by 35.6 thousand to 541 thousand, as people looking for full-time jobs climbed by 21.9 thousand to 349.5 thousand while those seeking part-time jobs - by 13.8 thousand to 191.5 thousand. At the same time, employment unexpectedly fell by 14.6 thousand to 14.03 million, missing market forecasts of a 15 thousand gain, reversing from a 31.6 thousand jump in June. Full-time employment declined by 24.2 thousand to 9.84 million, while part-time employment advanced by 9.6 thousand to 4.19 million. The participation rate inched down to 66.7% from 66.8% in June, below the market consensus of 66.8%. Meanwhile, the underemployment rate was unchanged at 6.4%. Additionally, monthly hours in all jobs increased by 4 million, or 0.2 percent, to 1,952 million. source: Australian Bureau of Statistics

Unemployment Rate in Australia averaged 6.66 percent from 1978 until 2023, reaching an all time high of 11.20 percent in December of 1992 and a record low of 3.40 percent in July of 2022. 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 August of 2023.

Unemployment Rate in Australia is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Unemployment Rate is projected to trend around 5.10 percent in 2024 and 4.90 percent in 2025, according to our econometric models.

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Australia Unemployment Rate



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-20 01:30 AM Jun 3.5% 3.5% 3.6% 3.6%
2023-08-17 01:30 AM Jul 3.7% 3.5% 3.6% 3.5%
2023-09-14 01:30 AM Aug 3.7%


Related Last Previous Unit Reference
Unemployment Rate 3.70 3.50 percent Jul 2023
Unemployed Persons 540.96 505.37 Thousand Jul 2023
Employed Persons 14026.65 14041.30 Thousand Jul 2023
Part Time Employment 9600.00 -6300.00 Persons Jul 2023
Full Time Employment -24200.00 39300.00 Persons Jul 2023
Employment Change -14600.00 31600.00 Persons Jul 2023
Labor Force Participation Rate 66.70 66.80 percent Jul 2023
Youth Unemployment Rate 7.75 7.61 percent Jun 2023
Labour Costs 114.80 112.50 points Mar 2023
Productivity 97.80 98.00 points Mar 2023
Job Vacancies 431.60 440.60 Thousand Jun 2023
Wages 1399.10 1378.60 AUD/Week Jun 2023
Wage Growth 3.60 3.70 percent Jun 2023
Wages in Manufacturing 1560.40 1545.60 AUD/Week Jun 2023
Population 26.27 25.77 Million Dec 2022
Employment Rate 64.27 64.49 percent Jul 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.50 11.20 3.40 1978 - 2023 percent Monthly
SA

News Stream
Australia Jobless Rate Rises to 3-Month High of 3.7%
Australia's seasonally adjusted unemployment increased to 3.7% in July from 3.5% in the previous month, above market expectations of 3.6%, and pointing to the highest level since April. The number of unemployed individuals rose by 35.6 thousand to 541 thousand, as people looking for full-time jobs climbed by 21.9 thousand to 349.5 thousand while those seeking part-time jobs - by 13.8 thousand to 191.5 thousand. At the same time, employment unexpectedly fell by 14.6 thousand to 14.03 million, missing market forecasts of a 15 thousand gain, reversing from a 31.6 thousand jump in June. Full-time employment declined by 24.2 thousand to 9.84 million, while part-time employment advanced by 9.6 thousand to 4.19 million. The participation rate inched down to 66.7% from 66.8% in June, below the market consensus of 66.8%. Meanwhile, the underemployment rate was unchanged at 6.4%. Additionally, monthly hours in all jobs increased by 4 million, or 0.2 percent, to 1,952 million.
2023-08-17
Australia Jobless Rate Unchanged at 3.5%
Australia's seasonally adjusted unemployment rate stood at 3.5% in June 2023, unchanged from a downwardly revised figure in May, remaining close to last October's 50-year lows, below market expectations of 3.6%. The number of unemployed individuals fell by 10.9 thousand to 504.4 thousand, with those seeking full-time jobs declining by 22.1 thousand to 328 thousand while those looking for part-time jobs increased by 11.3 thousand to 176.4 thousand. Simultaneously, employment increased by 32.6 thousand to 14.05 million, easily surpassing market forecasts of a 15 thousand gain. Full-time employment climbed by 39.3 thousand to 9.87 million, while part-time employment decreased by 6.7 thousand to 4.18 million. The participation rate edged down to 66.8% from May's record high of 66.9%, below the market consensus of 66.9%. Meanwhile, the underemployment rate was unchanged at 6.4%. Additionally, monthly hours in all jobs rose by 6 million, or 0.5 percent, to 1,947 million.
2023-07-20
Australia Jobless Rate Unexpectedly Edges Down
Australia's seasonally adjusted unemployment rate declined to 3.6 percent in May 2023, below market expectations and April's figure of 3.7 percent. The number of unemployed individuals fell by 16.5 thousand to 515.9 thousand, with those seeking full-time jobs decreasing by 16.8 thousand to 351.4 thousand and those looking for part-time jobs rising by 0.6 thousand to 164.8 thousand. Simultaneously, employment climbed by 75.9 thousand to 14.01 million, the largest increase since June 2022 and easily surpassing market forecasts of a 15.0 thousand gain. Full-time employment advanced by 61.7 thousand to 9.83 million, while part-time employment grew by 14.3 thousand to 4.19 million. The participation rate reached 66.9 percent, exceeding the market consensus of 66.7 percent. However, the underemployment rate went up to 6.4 percent from 6.2 percent. Additionally, monthly hours in all jobs dropped by 36 million, or 1.8 percent, to 1,944 million.
2023-06-15