AU Unemployment Rate
Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions;
- AU Unemployment Rate Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Nov 13, 2024 | 4.1% | 4.1% | 4.1% |
| Oct 16, 2024 | 4.1% | 4.2% | 4.1% |
| Sep 18, 2024 | 4.2% | 4.2% | 4.2% |
| Aug 14, 2024 | 4.2% | 4.1% | 4.1% |
| Jul 17, 2024 | 4.1% | 4.1% | 4.0% |
| Jun 12, 2024 | 4.0% | 4.0% | 4.1% |
| May 15, 2024 | 4.1% | 3.9% | 3.9% |
| Apr 17, 2024 | 3.8% | 3.9% | 3.7% |
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- AU Unemployment Rate News
From abs.gov.au|Nov 13, 2024Key statistics In trend terms, in October 2024: • unemployment rate remained at 4.1%. • participation rate increased to 67.2%. • employment increased to 14,541,200. • employment to population ratio remained at 64.4%. • underemployment rate remained at 6.3%. • monthly hours worked increased to 1,971 million. In seasonally adjusted terms, in October 2024: • unemployment rate remained at 4.1%. • participation rate decreased to 67.1%. • employment increased to 14,537,500. • employment to population ratio remained at 64.4%. • ...
From bnnbloomberg.ca|Oct 16, 2024|1 commentAustralia’s powerful stretch of hiring extended into September and the unemployment rate held steady, prompting a rise in the currency as traders scaled back bets on the Reserve Bank’s first interest-rate cut. Employment rose 64,100 — driven by full-time jobs — versus a forecast 25,000 gain, Australian Bureau of Statistics data showed Thursday. The jobless rate was unchanged at a downwardly revised 4.1%. The Australian dollar rose as much as 0.4% to 66.91 US cents and the yield on policy-sensitive three-year government bonds jumped ...
From abs.gov.au|Oct 16, 2024Key statistics: In trend terms, in September 2024: • unemployment rate remained at 4.1%. • participation rate increased to 67.2%. • employment increased to 14,514,300. • employment to population ratio remained at 64.4%. • underemployment rate remained at 6.4%. • monthly hours worked increased to 1,965 million. In seasonally adjusted terms, in September 2024: • unemployment rate remained at 4.1%. • participation rate increased to 67.2%. • employment increased to 14,521,900. • employment to population ratio increased to 64.4%. • ...
From theconversation.com|Sep 20, 2024Today’s news that an extra 47,500 Australians found work in August while the unemployment rate held steady at 4.2% is a sign of success for both the government and Reserve Bank. It’s a sign of success in dealing with the difficult task of bringing inflation down without too much economic damage. Then Reserve Bank Governor Philip Lowe, in a speech shortly before he handed over the reins to Michele Bullock, said that success in this task would require navigating a narrow path. To keep to the narrow path would mean inflation returns to ...
From abs.gov.au|Sep 18, 2024In trend terms, in August 2024: unemployment rate remained at 4.1%. participation rate remained at 67.0%. employment increased to 14,443,600. employment to population ratio remained at 64.2%. underemployment rate remained at 6.4%. monthly hours worked increased to 1,958 million. In seasonally adjusted terms, in August 2024: unemployment rate remained at 4.2%. participation rate remained at 67.1%. employment increased to 14,458,600. employment to population ratio increased to 64.3%. underemployment rate increased to 6.5%. monthly ...
From fxstreet.com|Sep 18, 2024The Australian Bureau of Statistics (ABS) will release the monthly employment report at 1:30 GMT on Thursday. The country is expected to have added 25K new positions in August, while the Unemployment Rate is foreseen to remain steady at 4.2%. The Australian Dollar (AUD) heads into the event with a firmer tone against its United States (US) rival, with AUD/USD hovering around the 06770 level. The ABS reports Employment Change separating full-time from part-time positions. According to its own definitions, full-time jobs imply working ...
- From abc.net.au|Aug 21, 2024
There are fresh warnings that Australia's economy is on a path toward a recession. Australians who have hit the pavement in search of a job recently might have found it tough going, as bosses preference those already on staff for new roles. "Companies are focusing, at the moment, more on their retention strategy than attraction," Robert Half director Nicole Gorton said. "So if they have the opportunity to … upskill because there's an opportunity gap with somebody and they can plug that with the existing staff, they will do that." ...
- From abs.gov.au|Aug 14, 2024
In trend terms, in July 2024: • Unemployment rate increased to 4.2%. • Participation rate increased to 67.1%. • Employment increased to 14,462,100. • Employment to population ratio increased to 64.3%. • Underemployment rate remained at 6.4%. • Monthly hours worked increased to 1,960 million. In seasonally adjusted terms, in July 2024: • Unemployment rate increased to 4.2%. • Participation rate increased to 67.1%. • Employment increased to 14,469,600. • Employment to population ratio increased to 64.3%. • Underemployment rate ...
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| Released on Oct 16, 2024 |
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| Released on Sep 18, 2024 |
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| Released on Aug 14, 2024 |
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