Unemployment Rate s.a.

The Australian Bureau of Statistics (ABS) publishes an overview of trends in the Australian labour market, with unemployment rate a closely watched indicator. It is released about 15 days after the month end and throws light on the overall economic conditions, as it is highly correlated to consumer spending and inflation. Despite the lagging nature of the indicator, it affects the Reserve Bank of Australia’s (RBA) interest rate decisions, in turn, moving the Australian dollar. Upbeat figure tends to be AUD positive.

Most recent - Thursday 13 June 2024 01:30

Previous
4.1%
Revised
-
Forecast
4%
Actual
4%

Next event - Thursday 18 July 2024 01:30

Previous
-
Forecast
-
Actual
-

The typical/expected impact on AUD pairs is high.

There is no forecast value for Unemployment Rate s.a. yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Unemployment Rate s.a. was 4% against a forecast of 4%.

Past events

Date
Forecast
Actual
Thursday 13 June 2024 01:30
4%
4%
Thursday 16 May 2024 01:30
3.9%
4.1%
Thursday 18 April 2024 01:30
3.9%
3.8%
Thursday 21 March 2024 00:30
4%
3.7%
Thursday 15 February 2024 00:30
4%
4.1%
Thursday 18 January 2024 00:30
3.9%
3.9%
Thursday 14 December 2023 00:30
3.8%
3.9%
Thursday 16 November 2023 00:30
3.7%
3.7%
Thursday 19 October 2023 00:30
3.7%
3.6%
Thursday 14 September 2023 01:30
3.7%
3.7%
Thursday 17 August 2023 01:30
3.5%
3.7%
Thursday 20 July 2023 01:30
3.6%
3.5%
Thursday 15 June 2023 01:30
3.7%
3.6%
Thursday 18 May 2023 01:30
3.5%
3.7%
Thursday 13 April 2023 01:30
3.6%
3.5%
Thursday 16 March 2023 00:30
3.6%
3.5%
Thursday 16 February 2023 00:30
3.5%
3.7%
Thursday 19 January 2023 00:30
3.4%
3.5%
Thursday 15 December 2022 00:30
3.4%
3.4%
Thursday 17 November 2022 00:30
3.6%
3.4%
Thursday 20 October 2022 00:30
3.5%
3.5%
Thursday 15 September 2022 01:30
3.4%
3.5%
Thursday 18 August 2022 01:30
3.5%
3.4%
Thursday 14 July 2022 01:30
3.8%
3.5%
Thursday 16 June 2022 01:30
3.8%
3.9%
Thursday 19 May 2022 01:30
3.9%
3.9%
Thursday 14 April 2022 01:30
3.9%
4%
Thursday 17 March 2022 00:30
4.1%
4%
Thursday 17 February 2022 00:30
4.2%
4.2%
Thursday 20 January 2022 00:30
4.5%
4.2%
Thursday 16 December 2021 00:30
5%
4.6%
Thursday 11 November 2021 00:30
4.7%
5.2%
Thursday 14 October 2021 00:30
4.8%
4.6%
Thursday 16 September 2021 01:30
4.9%
4.5%
Thursday 19 August 2021 01:30
5%
4.6%
Thursday 15 July 2021 01:30
5.5%
4.9%

Economic context

Recent economic data has been broadly neutral for AUD. Other recent announcements which may affect the market's interpretation of the next Unemployment Rate s.a. result:

PreviousLatest
Employment Change s.a.Bullish change37.4K39.7K
Full-Time EmploymentBullish change-7.6K41.7K
Participation Rate(no change)66.8%66.8%
Part-Time EmploymentBearish change45K-2.1K
Building Permits (MoM)Bearish change2.7%-0.3%
Exports (MoM)Bearish change-0.6%-2.5%
Imports (MoM)Bearish change4.2%-7.2%
Trade Balance (MoM)Bullish change4841M6548M
Gross Domestic Product (QoQ)Bearish change0.3%0.1%
Gross Domestic Product (YoY)Bearish change1.6%1.1%
AiG Industry IndexBearish change-8.9-40.3
Judo Bank Composite PMIBearish change52.652.1
Judo Bank Services PMIBearish change53.152.5

About Unemployment Rate s.a.

Country:Australia
Currency:AUD
Source:Australian Bureau of Statistics
Category:Labor Market
Frequency:Monthly
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