Australia Unemployment Rate

Country:
Australia
AUD, Australian Dollar
Sector:
Labor
Medium 5.0% 5.1%
5.0%
Last release Importance Actual Forecast
Previous
5.0%
5.0%
Next release Actual Forecast
Previous
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Australia Unemployment Rate is a percentage of unemployed workers in relation to the total civilian labor force. In the indicator calculation, the person who has been actively seeking job during the past four weeks and cannot start working right now is defined as unemployed. Such a person is included in the unemployment rate regardless of whether this person is receiving unemployment benefits.

The indicator is calculated based on the Monthly Population Survey. The survey is based on a sample of approximately 26,000 private dwellings and covers approximately 0.32% of Australian citizens aged 15 years and over. The survey does not include members of the permanent defense forces, diplomatic personnel of overseas governments, overseas residents in Australia and members of non-Australian defense forces stationed in Australia.

This indicator is the most commonly used rate for assessing the state of the Australian labor market. It is one of the key indicators of the country's economic development. It is not a forecast indicator. Its growth or decline is actually a result of changes in the economic situation.

The Reserve Bank of Australia uses the unemployment rate as one of the key parameters in determining current-period interest rates. The lower the unemployment rate, the more optimistic is the assessment of the country's economic health. Conversely, growth in the unemployment rate affects the Australian dollar quotes negatively.

Last values:

actual data

forecast

The chart of the entire available history of the "Australia Unemployment Rate" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Jan 2019
5.0%
5.1%
5.0%
Dec 2018
5.0%
5.1%
5.1%
Nov 2018
5.1%
5.0%
5.0%
Oct 2018
5.0%
5.2%
5.0%
Sep 2018
5.0%
5.3%
5.3%
Aug 2018
5.3%
5.4%
5.3%
Jul 2018
5.3%
5.5%
5.4%
Jun 2018
5.4%
5.6%
5.4%
May 2018
5.4%
5.6%
5.6%
Apr 2018
5.6%
5.5%
5.5%
Mar 2018
5.5%
5.4%
5.5%
Feb 2018
5.6%
5.4%
5.5%
Jan 2018
5.5%
5.3%
5.6%
Dec 2017
5.5%
5.4%
5.4%
Nov 2017
5.4%
5.4%
5.4%
Oct 2017
5.4%
5.5%
5.5%
Sep 2017
5.5%
5.6%
Aug 2017
5.6%
5.6%
Jul 2017
5.6%
5.7%
Jun 2017
5.6%
5.6%
May 2017
5.5%
5.7%
Apr 2017
5.7%
5.9%
Mar 2017
5.9%
5.9%
Feb 2017
5.9%
5.7%
Jan 2017
5.7%
5.8%
Dec 2016
5.8%
5.7%
Nov 2016
5.7%
5.6%
Oct 2016
5.6%
5.6%
Sep 2016
5.6%
5.7%
Aug 2016
5.6%
5.7%
Jul 2016
5.7%
5.8%
Jun 2016
5.8%
5.7%
May 2016
5.7%
5.7%
Apr 2016
5.7%
5.7%
Mar 2016
5.7%
5.8%
Feb 2016
5.8%
6.0%
Jan 2016
6.0%
5.8%
Dec 2015
5.8%
5.8%
Nov 2015
5.8%
5.9%
Oct 2015
5.9%
6.2%
Sep 2015
6.2%
6.2%
Aug 2015
6.2%
6.3%
Jul 2015
6.3%
6.1%
Jun 2015
6.0%
5.9%
May 2015
6.0%
6.1%
Apr 2015
6.2%
6.1%
Mar 2015
6.1%
6.3%
Feb 2015
6.2%
6.4%
Jan 2015
6.4%
6.1%
Dec 2014
6.1%
6.3%

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