Australia unemployment rate


Australia unemployment rate: 4.2 (2.44%)
Last Update: July 31, 2024

Australia unemployment rate closed down 4.2 as of July 31, 2024 from 4.1 from the previous month and 3.8 from last year.


Australia unemployment rate Analytics & Data




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Australia unemployment rate

Date Values
2024-07-31 4.2
2024-06-30 4.1
2024-05-31 4
2024-04-30 4.1
2024-03-31 3.9
2024-02-29 3.7
2024-01-31 4.1
2023-12-31 4
2023-11-30 3.9
2023-10-31 3.8
2023-09-30 3.6
2023-08-31 3.7
2023-07-31 3.8
2023-06-30 3.5
2023-05-31 3.6
2023-04-30 3.7
2023-03-31 3.6
2023-02-28 3.5
2023-01-31 3.7
2022-12-31 3.5
2022-11-30 3.5
2022-10-31 3.4
2022-09-30 3.6
2022-08-31 3.5

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Australia unemployment rate Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
unemployment rate au.unemploymentrate 4.2 4.1 2 11 UP UP 73 2024-07-31

Australia unemployment rate Quantitative Analysis, Charts & Factors

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Australia unemployment rate Historical Data

The MacroVar database offers free access to historical data for the Australia unemployment rate, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Australia unemployment rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Australia unemployment rate

The unemployment rate in Australia refers to the percentage of the labor force that is actively seeking employment but is unable to find work. It is an important economic indicator that reflects the health of the economy and the job market. A low unemployment rate indicates a strong economy with ample job opportunities, while a high unemployment rate may signal economic downturn and lack of job opportunities. The Australian government closely monitors the unemployment rate and implements policies and programs to stimulate job growth and reduce unemployment levels. Additionally, the unemployment rate is used by policymakers, businesses, and investors to make informed decisions about the economy.