Unemployment Rate for Australia

Indicator Definition:
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.

The statistic "Unemployment Rate" stands at 4.07 percent as of 12/31/2024.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.404 percentage points compared to the value the year prior.
The 1 year change in percentage points is 0.404.
The 3 year change in percentage points is -1.04.
The 5 year change in percentage points is -1.09.
The 10 year change in percentage points is -2.01.

The Serie's long term average value is 6.29 percent. It's latest available value, on 12/31/2024, is 2.21 percentage points lower, compared to it's long term average value.
The Serie's change in percentage points from it's minimum value, on 12/31/2023, to it's latest available value, on 12/31/2024, is +0.404.
The Serie's change in percentage points from it's maximum value, on 12/31/1993, to it's latest available value, on 12/31/2024, is -6.81.