Australia Unemployment December 2020

Australia

Australia: Unemployment rate at eight-month low in December

January 25, 2021

Seasonally-adjusted employment soared by 50,000 in December, following 90,000 jobs gain in November. December’s result was again driven by an increase in both part-time and full-time employment.

Meanwhile, the seasonally-adjusted unemployment rate fell to 6.6% in December, from November’s 6.8%, beating market expectations of a 6.7% unemployment rate. Moreover, the participation rate rose from 66.1% in November to 66.2% in December. Additionally, the seasonally-adjusted underemployment rate fell from November’s 9.3% to 8.5%.

FocusEconomics panelists project the unemployment rate to average 7.2% in 2021, down 0.1 percentage points from last month’s estimate, and 6.2% in 2022.


Author: Massimo Bassetti, Senior Economist

Sample Report

Looking for forecasts related to Unemployment in Australia? Download a sample report now.

Download

Australia Unemployment Chart


Australia Unemployment December 20 20 0

Note: Seasonally-adjusted unemployment rate in % and new jobs in thousands.
Source: Australian Bureau of Statistics.


Australia Economic News

  • Australia: Business confidence jumps in January

    February 21, 2021

    The business confidence index produced by National Australia Bank (NAB) jumped to 10.0 points in January from 4.7 points in December.

    Read more

  • Australia: Consumer sentiment improves in February

    February 21, 2021

    The Westpac-Melbourne Institute consumer sentiment index rose to 109.1 in February from 107.0 in January.

    Read more

  • Australia: Retail sales rebound in January

    February 19, 2021

    Nominal retail sales in January increased 0.6% over the previous month in seasonally-adjusted terms, swinging from December’s 4.1% slump, according to preliminary figures. A healthy increases in food retailing led the rises, while declines were recorded in clothing, footwear and personal accessory retailing, household goods retailing, and department stores—which were negatively affected by a three day lockdown in Brisbane.

    Read more

  • Australia: Unemployment rate at 10-month low in January

    February 18, 2021

    Seasonally-adjusted employment increased by 29,100 in January, following 50,000 jobs gain in December.

    Read more

  • Australia: Retail sales slump in December

    February 5, 2021

    Nominal retail sales in December plunged 4.1% over the previous month in seasonally-adjusted terms, swinging from November’s 7.1% surge. Particularly pronounced decreases were recorded in household goods retailing, clothing, footwear and personal accessory retailing, department stores and other retailing, while cafes, restaurants and takeaway food services saw a healthy increase. In annual terms, retail sales grew 10.3% in December, following November’s 12.1% surge.

    Read more

More news

Search form