Unemployment in Australia

Australia Unemployment | Economic News & Forecasts

Australia - Unemployment

Unemployment rate at eight-month low in December

Seasonally-adjusted employment soared by 50,000 in November, 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.

Australia - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate6.1  5.7  5.6  5.3  5.2  

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Australia Unemployment Chart


Australia Unemployment
Note: Unemployment in % of active population.
Source: Australia Bureau of Statistics and FocusEconomics calculations.

Australia Facts

Value Change Date
Bond Yield1.371.47 %Dec 31
Exchange Rate0.700.05 %Dec 31

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