Unemployment Rate

The Unemployment Rate index tracks and measures the number or people that seek to be employed as ratio of the labor force of the country. This metric is reported on a monthly basis by Australian Bureau of Statistics.

Australian Unemployment Rate

In May 2017 the indicator decreased to 5.5% from 5.7% the previous month, representing a change of 3.5% while the consensus was at 5.7%. This figure was at its historical lows of 3.98% in Feb 2008 and at its highs of 11.2 in Dec 1992.