Unemployment in Australia

Australia Unemployment | Economic News & Forecasts

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

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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