Unemployment Rate (Monthly)
Oceania Ranking
percentSource: IMF
Definition of Unemployment Rate (Monthly)
The unemployment rate represents the share of the labor force that is without work but available for and seeking employment.
| Current Rank | Country | Value | Latest Reading | Previous Rank | Previous Value |
|---|---|---|---|---|---|
| 1 | New Zealand | 3.6 | 6-2023 | 1 | 3.4 |
| 2 | Australia | 3.45 | 9-2023 | 2 | 3.35 |
The unemployment rate represents the share of the labor force that is without work but available for and seeking employment.
