Unemployment rate in Australia 2029

The unemployment rate in Australia was forecast to increase between 2024 and 2029 by in total 0.4 percentage points. This overall increase does not happen continuously, notably not in 2029. The rate is estimated to amount to 4.52 percent in 2029.
This indicator describes the unemployment rate which can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. The latter defines it as the number of unemployed people divided by the total labour force.

Find more statistics on other topics about Australia with key insights such as ratio of the national debt to the gross domestic product, the budget balance in relation to the gross domestic product, and the national debt.