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A five-year unemployment average for 1930-34 was 23.4%, with a peak of approximately 30% of the nation being unemployed in 1932. This was one of the most severe unemployment rates in the industrialised world, exceeded only by Germany. [27] Many hundreds of thousands of Australians suddenly faced the humiliation of poverty and unemployment.
The seasonally adjusted unemployment rate since 1978 The number of job vacancies (thousands) since 1979. According to the Australian Bureau of Statistics (ABS) seasonally adjusted estimates, the unemployment rate remained steady at 4.1% in October 2024 while the labour force participation rate decreased 0.1 points to 67.1%.
A variety of pegs to sterling applied until December 1931, when the government set a rate of £1 Australian = 16 shillings sterling (£1·5s Australian = £1 sterling; A£1.25 = £1 sterling). While wool-growing remained at the centre of economic activity, a variety of new goods, such as wheat, dairy and other agriculturally-based produce ...
Long-term unemployment rate (2022) [1] Australia: 0.91%: 1.32% 1.00% ... Short time; List of countries by unemployment rate; List of U.S. states by unemployment rate;
Between 2015 and mid 2019, unemployment rate has averaged 4.08%. [16] By Q1 2019, 3.6% of the 236,500 labour force remained unemployed, which was a year-on-year decrease of 0.02 percentage points. Since 2014, the participation rate in the ACT has been consistently greater than that of Australia, reaching was 72.5% in late 2017.
July 2009 Australian unemployment rate: 5.8% [28] August 2009 Australian unemployment rate: 5.8% [29] September 2009 Australian unemployment rate: 5.7% [30] October 2009 Australian unemployment rate: 5.8% [31] The unemployment rate for October rose slightly due to population growth and other factors leading to 35,000 people looking for work ...
Over the decade, the labour participation rate increased by 2.8 points (from 64.8% to 67.6%), while the unemployment rate declined by 1.9 points (from 5.6% to 3.7%). [18] Currently, 69.0% of Victorian workers are engaged in full-time work, an increase of 2.0% since 2019.
The bank's main policy role is to control inflation levels within a target range of 2–3%, by controlling the unemployment rate according to the 'non-accelerating inflation rate of unemployment' by controlling the official cash rate. The NAIRU was implemented in most western nations after 1975, and has been maintained at a target of 5–6% ...