Current Unemployment Rate 2024 Australia. Kpmg australia analysis shows the country is in the midst of a baby recession as births across the country fall by 4.6 per cent year on year. Labour force, australia, march 2024.

Dr chapman warned there was a risk australia’s unemployment rate could peak above 5 per cent, which is well above current forecasts, by the end of next year. Australia youth unemployment rate for 2022 was 8.23%, a 3%.