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Unemployment Rate

This is the indicator of the percent of unemployed persons in the labor force. The Unemployment Rate serves as a leading indicator of the health of the labor market. The report is very timely, coming out just a few weeks after the reporting period. Additionally, the indicator has a significant impact on the market because of the overall importance of employment for the economy.

Higher unemployment leads to less income for Australian workers who, in turn, may reduce consumption. As consumer spending contributes to a majority of Australia's GDP, developments in the labor market directly affect prospects for Australian growth.

  • Release Frequency: monthly.
  • Release Schedule: 01:30 GMT, monthly, mid-month following the reporting month's end.
  • Source: Australian Bureau of Statistics.