Unemployment in Australia
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 Rate | 5.7 | 6.1 | 6.1 | 5.7 | 5.6 |
Australia Unemployment Chart
Source: Australia Bureau of Statistics and FocusEconomics calculations.
Australia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.27 | 1.47 % | Jan 14 |
| Exchange Rate | 0.72 | 0.05 % | Jan 14 |
| Stock Market | 5,833 | 0.08 % | Jan 14 |
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Economic News
Australia: Consumer sentiment dives into pessimistic territory in January
January 16, 2019
The Westpac-Melbourne Institute consumer sentiment index fell from 104.4 in December to 99.6 in January.
Australia: Pre-Christmas shopping pushes retail sales growth to 5-month high
January 11, 2019
Nominal retail sales growth in November came in at 0.4% over the previous month in seasonally-adjusted terms, following October’s 0.3% expansion.
Australia: Labor market continues to add new jobs in November
December 20, 2018
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.
Australia: Consumer sentiment virtually unchanged in December
December 12, 2018
The Westpac-Melbourne Institute consumer sentiment index inched up from 104.3 in November to 104.4 in December.
Australia: Business confidence drops to almost three-year low in November
December 11, 2018
The business confidence index produced by National Australia Bank (NAB) declined to 3.2 points in November from October’s revised 4.5 points (previously reported: 4.2 points).
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