Youth Unemployment Rate in Australia increased to 9.20 percent in October from 9.10 percent in September of 2024. Youth Unemployment Rate in Australia averaged 13.08 percent from 1978 until 2024, reaching an all time high of 20.10 percent in October of 1992 and a record low of 7.10 percent in July of 2022. source: Australian Bureau of Statistics
Youth Unemployment Rate in Australia is expected to be 9.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Youth Unemployment Rate is projected to trend around 9.70 percent in 2025, according to our econometric models.