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, 17 April 01:30

Previous
4.1%
Revised
4%
Forecast
4.2%
Actual
4.1%

Higher numbers than forecast tend to be bullish for AUD/xxx pairs and bearish for xxx/AUD pairs.

Next event - Thursday, 15 May 01:30

Previous
4.1%
Forecast
4.1%
Actual
-

The typical/expected impact on AUD pairs is high.

The consensus forecast for Unemployment Rate s.a. is 4.1%. A higher value than forecast tends to be bullish for xxx/AUD pairs and bearish for AUD/xxx pairs.

Trading range

Forecast history

The most recent announced value for Unemployment Rate s.a. was 4.1% against a forecast of 4.2%.

Past events

Date
Forecast
Actual
17 April 2025 01:30
4.2%
4.1%
20 March 2025 00:30
4.1%
4.1%
20 February 2025 00:30
4.1%
4.1%
16 January 2025 00:30
4%
4%
12 December 2024 00:30
4.2%
3.9%
14 November 2024 00:30
4.1%
4.1%
17 October 2024 00:30
4.2%
4.1%
19 September 2024 01:30
4.2%
4.2%
15 August 2024 01:30
4.1%
4.2%
18 July 2024 01:30
4%
4.1%
13 June 2024 01:30
4%
4%
16 May 2024 01:30
3.9%
4.1%
18 April 2024 01:30
3.9%
3.8%
21 March 2024 00:30
4%
3.7%
15 February 2024 00:30
4%
4.1%
18 January 2024 00:30
3.9%
3.9%
14 December 2023 00:30
3.8%
3.9%
16 November 2023 00:30
3.7%
3.7%
19 October 2023 00:30
3.7%
3.6%
14 September 2023 01:30
3.7%
3.7%
17 August 2023 01:30
3.5%
3.7%
20 July 2023 01:30
3.6%
3.5%
15 June 2023 01:30
3.7%
3.6%
18 May 2023 01:30
3.5%
3.7%
13 April 2023 01:30
3.6%
3.5%
16 March 2023 00:30
3.6%
3.5%
16 February 2023 00:30
3.5%
3.7%
19 January 2023 00:30
3.4%
3.5%
15 December 2022 00:30
3.4%
3.4%
17 November 2022 00:30
3.6%
3.4%
20 October 2022 00:30
3.5%
3.5%
15 September 2022 01:30
3.4%
3.5%
18 August 2022 01:30
3.5%
3.4%
14 July 2022 01:30
3.8%
3.5%
16 June 2022 01:30
3.8%
3.9%
19 May 2022 01:30
3.9%
3.9%

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
AiG Industry IndexBullish change-22.2-15
Building Permits (MoM)Bearish change-0.2%-8.8%
Judo Bank Composite PMIBearish change51.451
Judo Bank Services PMIBearish change51.451
Producer Price Index (YoY)(no change)3.7%3.7%
Retail Sales (QoQ)Bearish change1%0%
Retail Sales s.a. (MoM)Bearish change0.8%0.3%
Exports (MoM)Bullish change-4.2%7.6%
Imports (MoM)Bearish change1.8%-2.2%
Trade Balance (MoM)Bullish change2852M6900M
Consumer Price Index (QoQ)Bullish change0.2%0.9%
Consumer Price Index (YoY)(no change)2.4%2.4%
RBA Trimmed Mean CPI (QoQ)Bullish change0.5%0.7%
RBA Trimmed Mean CPI (YoY)Bearish change3.3%2.9%

About Unemployment Rate s.a.

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