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Unemployment Rate
- Balance of Payments
- Building Approvals
- Construction Work Done
- Consumer Price Index
- Export Price Index
- Gross Domestic Product
- Home Loans
- House Price Index
- Import Price Index
- Labour Price Index
- NAB Business Confidence
- New Motor Vehicle Sales
- Private Sector Credit
- Producer Price Index
- Purchasing Managers Index
- RBA Interest Rate Decision
- Retail Sales
- Service PMI
- Trade Balance
- Unemployment Rate
- Westpac-Melbourne Institute Coincident Index
- Westpac-Melbourne Institute Leading Index
- Westpac Consumer Confidence
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.