The highest unemployment figure in Australia belongs to the indigenous community of Palm Island off the coast of Cairns, with unemployment at 49.8 per cent.
Black people and Native Americans have the highest unemployment rates among all racial and ethnic groups identified by the census. Asian Americans and white people have the lowest unemployment rates.
The Australian Bureau of Statistics (ABS) defines a person who is unemployed as one who, during a specified reference period, is not employed for one hour or more, is actively seeking work, and is currently available for work.
States With the Highest Unemployment Rates
At the state level, Nevada had the highest unemployment rate for April—the latest month with available data—at 5.4%.
Unemployed people in older age groups tend to have higher rates of long‑term unemployment. In May 2016, 41% of unemployed people aged 55 to 64 years were long‑term unemployed compared with 18% of unemployed people aged 15 to 24 years.
The unemployment rate for people ages 16 to 24 in the United States in 2022 was 9.4 percent. However, this rate was much lower for people aged 45 and over, at 2.6 percent.
Wed 16 Nov 2022 23.56 EST. Australia's unemployment rate fell in October as the labour market added more jobs and workers clocked up more hours, underscoring the resilience of the economy amid a record series of interest rate rises unleashed by the Reserve Bank.
Key statistics
unemployment rate remained at 3.5%.
Oman was the country in the world with the lowest unemployment rate among its foreign-born population, standing at only 0.1 percent in 2021.
In December 2022, the unemployment rate in India reached a 16-month high. Haryana has the highest unemployment rate, whereas, Odisha has the lowest unemployment rate in India.
Information from the 2021 census, released by the Australian Bureau of Statistics (ABS) today, found that health care, retail, construction and education employed the most people across Australia.
The highest unemployment figure in Australia belongs to the indigenous community of Palm Island off the coast of Cairns, with unemployment at 49.8 per cent.
According to the latest Australian Bureau of Statistics release, there are 480,100 job vacancies in Australia, a 111.1% increase since February 2020. In June unemployment tumbled to 3.5% as Australia approaches what is considered full employment, meaning almost everyone willing and able to work is in a job.
In May 2023, the leisure and hospitality industry had the highest unemployment rate in the United States, at 5.2 percent. In comparison, government workers had the lowest unemployment rate alongside government workers, at 1.8 percent. The average for all industries was 3.4 percent.
Economists primarily focus on three types of unemployment: cyclical, frictional, and structural.
The age group of 35-44 is the most employed.
The labor force participation rate among this age group in the U.S. is 77% as of 2020.
The countries that have the lowest unemployment rates are Qatar, Cambodia, and Niger. Just because a country has a low unemployment rate, does not mean its citizens are necessarily well-off. That is determined by GDP per capita.
Unemployment rate forecast - Country rankings
The average for 2023 based on 101 countries was 7.12 percent. The highest value was in South Africa: 34.72 percent and the lowest value was in Thailand: 1 percent. The indicator is available from 1980 to 2028. Below is a chart for all countries where data are available.
Australia's unemployment rate has risen from 3.5% to 3.7% as higher interest rates trimmed the growth of new jobs more than economists expected.
"The fact Western Australia has the lowest unemployment rate of all the States confirms our Jobs Plan is working and is further proof our economy is powering the nation.
Labour Force, Australia
unemployment rate remained at 3.6%. participation rate remained at 66.7%. employment increased to 13,878,900. employment to population ratio decreased to 64.2%.
There are a number of reasons for unemployment. These include recessions, depressions, technological improvements, job outsourcing, and voluntarily leaving one job to find another.
With subdued economic growth expected through 2023 and 2024, the unemployment rate is forecast to gradually increase and reach 4½ per cent by mid-2025.
This makes sense when we consider people who have had less time in the workplace have had less chances to get fired. 30% of people in the 26-30 age groups report having been fired. That number rises to 37% for the 41-45 age group, and to 50% for the 61-65 group.