Unemployment in Australia

Australia Unemployment | Economic News & Forecasts

Australia - Unemployment

Labor market continues to add new jobs in November

Seasonally-adjusted employment increased by 37,000 in November compared to the previous month, following the revised 28,700 jobs added in October (previously reported: +32,800 jobs) and overshooting analysts’ expectations for a gain of 20,000. November’s reading was driven by a robust increase of part-time workers more than offsetting a small decline in full-time workers.

Seasonally-adjusted unemployment inched up from October’s over six-year low of 5.0% to 5.1% in November. Moreover, November saw an increase in the number of people actively looking for a job, as the seasonally-adjusted participation rate rose from 65.5% in October to 65.7%. On the other hand, both the seasonally-adjusted underutilization rate and the seasonally-adjusted underemployment rate edged up from the previous month in November.

Australia Unemployment Rate Forecast

FocusEconomics panelists expect the unemployment rate to average 5.2% in 2019, unchanged from last month’s forecast, and 5.1% in 2020.

Australia - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate5.7  6.1  6.1  5.7  5.6  

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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

Bond Yield2.271.47 %Jan 14
Exchange Rate0.720.05 %Jan 14
Stock Market5,8330.08 %Jan 14

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