Australia Unemployment Rate
August 2023 Data – 1978-2022 Historical
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Australia’s seasonally adjusted unemployment stood at 3.7% in August 2023, unchanged from July’s three-month high and matching the market forecast.The number of unemployed individuals fell by 2.6 thousand to 540.5 thousand, as people looking for part-time jobs dropped by 8.7 thousand to 182.2 thousand while those seeking full-time jobs increased by 6 thousand to 358.3 thousand.At the same time, employment surged by 64.9 thousand to 14.11 million, more than market forecasts of a 23 thousand gain, rebounding from a 1.4 thousand fall in July.Full-time employment advanced by 2.8 thousand to 9.85 million, while part-time employment climbed by 62.1 thousand to 4.26 million.The participation rate edged up to 67% from 66.9% in July, above the market consensus of 66.7%.
Meanwhile, the underemployment rate rose to 6.6% from 6.4% but was still around 2.2 points lower than before the pandemic.Additionally, monthly hours in all jobs declined by 9 million, or 0.5%, to 1,941 million.
source:
Australian Bureau of Statistics
Unemployment Rate in Australia averaged 6.65 percent from 1978 until 2023, reaching an all time high of 11.20 percent in December of 1992 and a record low of 3.40 percent in July of 2022.This page provides – Australia Unemployment Rate at 5.8% in December – actual values, historical data, forecast, chart, statistics, economic calendar and news.
Australia Unemployment Rate – data, historical chart, forecasts and calendar of releases – was last updated on September of 2023.
Unemployment Rate in Australia is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.In the long-term, the Australia Unemployment Rate is projected to trend around 5.10 percent in 2024 and 4.90 percent in 2025, according to our econometric models.
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2023-08-17
01:30 AM
Unemployment Rate
Jul
3.7%
3.5%
3.6%
3.5%
2023-09-14
01:30 AM
Unemployment Rate
Aug
3.7%
3.7%
3.7%
3.6%
2023-10-20
12:30 AM
Unemployment Rate
Sep
3.7%
3.7%
Related
Last
Previous
Unit
Reference
Unemployment Rate
3.70
3.70
percent
Aug 2023
Unemployed Persons
540.55
543.16
Thousand
Aug 2023
Employed Persons
14107.90
14043.04
Thousand
Aug 2023
Part Time Employment
62077.00
17279.00
Persons
Aug 2023
Full Time Employment
2779.00
-18678.00
Persons
Aug 2023
Employment Change
64856.00
-1399.00
Persons
Aug 2023
Labor Force Participation Rate
67.00
66.90
percent
Aug 2023
Youth Unemployment Rate
8.30
8.60
percent
Aug 2023
Labour Costs
116.40
114.60
points
Jun 2023
Productivity
95.70
97.70
points
Jun 2023
Job Vacancies
431.60
440.60
Thousand
Jun 2023
Wages
1399.10
1378.60
AUD/Week
Jun 2023
Wage Growth
3.60
3.70
percent
Jun 2023
Wages in Manufacturing
1560.40
1545.60
AUD/Week
Jun 2023
Population
26.27
25.77
Million
Dec 2022
Employment Rate
64.50
64.40
percent
Aug 2023
Australia Unemployment Rate
In Australia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual
Previous
Highest
Lowest
Dates
Unit
Frequency
3.70
3.70
11.20
3.40
1978 – 2023
percent
Monthly
SA
Compare
Unemployment Rate by Country
News Stream
Australia Jobless Rate Stays at 3-Month High
Australia’s seasonally adjusted unemployment stood at 3.7% in August 2023, unchanged from July’s three-month high and matching the market forecast.The number of unemployed individuals fell by 2.6 thousand to 540.5 thousand, as people looking for part-time jobs dropped by 8.7 thousand to 182.2 thousand while those seeking full-time jobs increased by 6 thousand to 358.3 thousand.At the same time, employment surged by 64.9 thousand to 14.11 million, more than market forecasts of a 23 thousand gain, rebounding from a 1.4 thousand fall in July.
Full-time employment advanced by 2.8 thousand to 9.85 million, while part-time employment climbed by 62.1 thousand to 4.26 million.The participation rate edged up to 67% from 66.9% in July, above the market consensus of 66.7%.Meanwhile, the underemployment rate rose to 6.6% from 6.4% but was still around 2.2 points lower than before the pandemic.Additionally, monthly hours in all jobs declined by 9 million, or 0.5%, to 1,941 million.
2023-09-14
Australia Jobless Rate Rises to 3-Month High of 3.7%
Australia’s seasonally adjusted unemployment increased to 3.7% in July from 3.5% in the previous month, above market expectations of 3.6%, and pointing to the highest level since April.
The number of unemployed individuals rose by 35.6 thousand to 541 thousand, as people looking for full-time jobs climbed by 21.9 thousand to 349.5 thousand while those seeking part-time jobs – by 13.8 thousand to 191.5 thousand.At the same time, employment unexpectedly fell by 14.6 thousand to 14.03 million, missing market forecasts of a 15 thousand gain, reversing from a 31.6 thousand jump in June.Full-time employment declined by 24.2 thousand to 9.84 million, while part-time employment advanced by 9.6 thousand to 4.19 million.The participation rate inched down to 66.7% from 66.8% in June, below the market consensus of 66.8%.
Meanwhile, the underemployment rate was unchanged at 6.4%.Additionally, monthly hours in all jobs increased by 4 million, or 0.2 percent, to 1,952 million.
2023-08-17
Australia Jobless Rate Unchanged at 3.5%
Australia’s seasonally adjusted unemployment rate stood at 3.5% in June 2023, unchanged from a downwardly revised figure in May, remaining close to last October’s 50-year lows, below market expectations of 3.6%.The number of unemployed individuals fell by 10.9 thousand to 504.4 thousand, with those seeking full-time jobs declining by 22.1 thousand to 328 thousand while those looking for part-time jobs increased by 11.3 thousand to 176.4 thousand.Simultaneously, employment increased by 32.6 thousand to 14.05 million, easily surpassing market forecasts of a 15 thousand gain.
Full-time employment climbed by 39.3 thousand to 9.87 million, while part-time employment decreased by 6.7 thousand to 4.18 million.The participation rate edged down to 66.8% from May’s record high of 66.9%, below the market consensus of 66.9%.Meanwhile, the underemployment rate was unchanged at 6.4%.Additionally, monthly hours in all jobs rose by 6 million, or 0.5 percent, to 1,947 million.
2023-07-20
Related
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Australia Inflation Expectations Drop to 5-Month Low
Australia Business Mood Highest in 7 Months
Australia Consumer Mood Drops Further
Australia Exports Drop to 16-Month Low
Australia Private House Approvals Sluggish
Australia Building Permits Fall for 4th Time This Year
Australia Trade Surplus Smallest in 17 Months
Australia Imports Grows 3.0% MoM
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