Unemployment in Australia
Australia - Unemployment
Unemployment rate drops in April
Seasonally-adjusted employment decreased by 30,600 in April, following 77,000 jobs gain in March and surprising markets on the downside. April’s result was driven by a decrease in part-time employment more than outweighing increasing full-time employment.
Meanwhile, the seasonally-adjusted unemployment rate dropped to 5.5% in April, from March’s 5.7%, logging the lowest reading since March 2020 and markedly down from the 7.5% peak reached in July 2020. Moreover, the seasonally-adjusted underemployment rate dropped from 8.0% in March to 7.8%. However, the participation rate decreased to 66.0% from the previous month’s 66.3%.
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
5 years of economic forecasts for more than 30 economic indicators.
Australia Unemployment Chart
Source: Australia Bureau of Statistics and FocusEconomics calculations.
|Bond Yield||1.37||1.47 %||Dec 31|
|Exchange Rate||0.70||0.05 %||Dec 31|
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June 9, 2021
GDP rose 1.8% in seasonally-adjusted quarter-on-quarter terms in Q1, benefiting from strong fiscal and monetary stimulus.
June 6, 2021
At its monetary policy meeting on 1 June, the Reserve Bank of Australia (RBA) decided to keep the cash rate unchanged at the all-time low of 0.10%.
June 3, 2021
Nominal retail sales grew 1.1% month-on-month in seasonally-adjusted terms in April (March: +1.3% s.a.
May 20, 2021
Seasonally-adjusted employment decreased by 30,600 in April, following 77,000 jobs gain in March and surprising markets on the downside.
May 20, 2021
The business confidence index produced by National Australia Bank (NAB) jumped to 26.0 points in April from 16.7 points in March, marking a record-high reading.