Unemployment in Australia
Australia's unemployment rate over the last decade showcased the economy's resilience. The rate remained relatively low and stable, fluctuating around 5-6% for most of the period. The country's effective economic policies contributed to a steady job market, even amidst global challenges. The rate spiked briefly during the COVID-19 pandemic, but swift policy response and tighter immigration criteria have since driven it below pre-pandemic levels. The unemployment rate in Australia averaged 5.5% in the decade to 2022. The unemployment rate in 2022 was 3.7%. For more unemployment information, visit our dedicated page.
Australia Unemployment Chart
Note: This chart displays Unemployment Rate for Australia from 2024 to 2015.
Source: Macrobond.
Australia Unemployment Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 6.5 | 5.1 | 3.7 | 3.7 | 4.0 |
| Unemployment (% of active population, eop) | 6.5 | 4.2 | 3.5 | 4.0 | 4.0 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Australian unemployment projections for the next ten years from a panel of 17 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable unemployment forecast available for Australian unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Australian unemployment projections.
Want to get access to the full dataset of Australian unemployment forecasts? Send an email to info@focus-economics.com.