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 |
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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% |
Mar 20, 2024 | 3.7% | 4.0% | 4.1% |
Feb 14, 2024 | 4.1% | 4.0% | 3.9% |
Jan 17, 2024 | 3.9% | 3.9% | 3.9% |
Dec 13, 2023 | 3.9% | 3.8% | 3.8% |
Nov 15, 2023 | 3.7% | 3.7% | 3.6% |
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- AU Unemployment Rate News
Financial markets have given up much hope of rate cuts in Australia this year, so today's decent labour report won't have caused too much of a stir. Total employment in May rose by 39,700. This was more than the 30,000 expected, and slightly stronger than the 37,400 increase in April. Unlike April's number, all of the employment in May came from full-time jobs. These provide not only better wages but better perks and are, as a result, more positive for consumer sentiment. Earlier in the day, we also got CBA household spending data, ...
In trend terms, in May 2024: Unemployment rate increased to 4.0%. Participation rate remained at 66.7%. Employment increased to 14,355,100. Employment to population ratio remained at 64.1%. Underemployment rate remained at 6.7%. Monthly hours worked increased to 1,958 million. In seasonally adjusted terms, in May 2024: Unemployment rate decreased to 4.0%. Participation rate remained at 66.8%. Employment increased to 14,355,600. Employment to population ratio remained at 64.1%. Underemployment rate remained at ...
Australian Treasurer Jim Chalmers says his country is on track for a soft landing as a result of "moderating inflation and a resilient labor market." He also says that the relationship with China can be "complex to manage" but there are "good economic dividends" from engaging with Beijing. Chalmers speaks to Haidi Stroud-Watts on the sidelines of the Morgan Stanley Australia Summit in Sydney.
The market got caught leaning the wrong way. The weakness in April's high-frequency US data encouraged participants to push the US two-year yield to its recent floor near 4.70% and took the 10-year yield to two-month lows, slightly above 4.25%. The Dollar Index was driven below the uptrend line drawn off the December 2023 and March and May 2024 lows. We have argued that while the US economy is slowing, the April data seemed to overstate the case, and the May jobs data will likely set the broad tone of other real sector data. The ...
In trend terms, in April 2024: unemployment rate remained at 4.0%. participation rate remained at 66.7%. employment increased to 14,289,600. employment to population ratio remained at 64.0%. underemployment rate remained at 6.6%. monthly hours worked increased to 1,955 million. In seasonally adjusted terms, in April 2024: unemployment rate increased to 4.1%. participation rate increased to 66.7%. employment increased to 14,300,000. employment to population ratio remained at 64.0%. underemployment rate increased ...
Australian employment unexpectedly fell in March and the jobless rate edged higher, unwinding some of the huge upside surprise of the prior month and reflecting restrictive settings of monetary policy. The economy shed 6,600 roles, confounding expectations for a 10,000 gain and following an increase of over 100,000 in February, government data showed Thursday. Unemployment ticked up to 3.8% from 3.7% in February. The data suggests a healthy and still tight labor market, said Su-Lin Ong, chief economist at the Royal Bank of Canada. ...
In trend terms, in March 2024: unemployment rate remained at 3.9%. participation rate decreased to 66.6%. employment increased to 14,259,800. employment to population ratio decreased to 64.0%. underemployment rate remained at 6.6%. monthly hours worked increased to 1,929 million. In seasonally adjusted terms, in March 2024: unemployment rate increased to 3.8%. participation rate decreased to 66.6%. employment decreased to 14,259,900. employment to population ratio decreased to 64.0%. underemployment rate ...
Financial markets were given a series of jolts last week, as volatility ratcheted higher once more, as participants digested another hotter-than-expected US CPI report, while also grappled with mounting geopolitical risks, and much else besides. Ultimately, though, a dash for havens proved the dominant theme, with the dollar notching its best week since September 22, stocks slipping once more, and gold rallying to fresh record highs. Over the week ahead, as the data docket thins out a touch, attention will remain on incoming ...
Released on Jun 12, 2024 |
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Released on May 15, 2024 |
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Released on Apr 17, 2024 |
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