The labor force participation rate in Australia edged down to 67% in November 2024, remaining close to a record-high of 67.1% in the previous two periods. Labor Force Participation Rate in Australia averaged 63.62 percent from 1978 until 2024, reaching an all time high of 67.10 percent in September of 2024 and a record low of 60.10 percent in April of 1983. source: Australian Bureau of Statistics
Labor Force Participation Rate in Australia decreased to 67 percent in November from 67.10 percent in October of 2024.
Labor Force Participation Rate in Australia decreased to 67 percent in November from 67.10 percent in October of 2024. Labor Force Participation Rate in Australia is expected to be 66.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Labor Force Participation Rate is projected to trend around 67.10 percent in 2025 and 67.30 percent in 2026, according to our econometric models.