Australia's unemployment rate measures the percentage of the labour force actively seeking work but not currently employed. It is published monthly by the national statistics office.
Why FX traders watch it
The unemployment rate is a cornerstone of the Reserve Bank of Australia's dual or single mandate. A tightening labour market signals wage pressure and potential inflation, pulling rate expectations higher and supporting the aud.
How to interpret the data
A lower-than-expected unemployment rate is typically aud-positive because it implies a tight labour market and possible wage inflation, consistent with hawkish central bank policy. A rising unemployment rate increases rate-cut odds.
Optional upper bound. Defaults to the current date.
api_key
CONDITIONAL
string
Required for non-USD announcement requests. USD announcement requests are public without an API key.
Example Usage
To retrieve Munkanélküliségi Ráta data for AUD from 2023:
GET https://fxmacrodata.com/api/v1/announcements/aud/unemployment?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY
Frequently Asked Questions
What is the natural rate of unemployment for Australia?
NAIRU (Non-Accelerating Inflation Rate of Unemployment) varies over time. Rates well below NAIRU suggest the economy is running hot and inflation pressures may build.