Try our corporate solution for free!
(212) 419-8286
hadley.ward@statista.com

Unemployment rate in Australia 2021*

This statistics presents the unemployment rate in Australia from 2009 to 2019, with projections up until 2021. Unemployment occurs when people are without work, it is also known as joblessness. In order that the prevalence of unemployment can be measured, a calculation is made by the division of the number of unemployed individuals by all individuals currently in the labor force, this yields a percentage rate. In 2019, about 5.18 percent of the Australian population had been unemployed.

Unemployment in Australia

The rising rate of Australian unemployment and the employment slowdown poses a challenge for the new Australian administration. The prevalence of youth unemployment will be a particular challenge, as the rate of full-time jobseekers in the 15 to 19 year-old age group rose to 25.5 percent in early July. The adult unemployment rate in 2013 was at just over 5.6 percent. The problem of youth unemployment is a direct result of the marked reduction in the number of entry-level jobs in the labor market in the past few decades. With an ageing workforce and an even more rapidly aging population, the problem is set to become even more serious. There is little doubt that a high rate of unemployment among the youth will have an adverse affect on the future productivity and retirement of the workforce of today.

The unemployment rate in Australia is a serious problem. Long term unemployment - and the unemployed youth especially - will result in the loss of productivity in Australia and put greater pressure on the health, welfare systems and other public services in the future. Unemployment inevitably leads to poor living standards and poverty, which is why it is something to be tackled.

Australia: Unemployment rate from 2009 to 2021*

Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

April 2020

Region

Australia

Survey time period

2009 to 2019

Supplementary notes

According to the source, due to the high level of uncertainty in current global economic conditions, the IMF projections for these indicators are provided only through 2021.

* Estimate.

Figures have been rounded for better presentation.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* Prices do not include sales tax.

Statistics on "Australia"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.