Australian Labour Market Update – August 2026

KPMG’s labour market analysis highlights statistics in the sub-markets that contribute to Australia’s overall unemployment numbers.

Labour market conditions in Australia held firm in June at historically strong levels, though declining vacancies and higher unemployment point to a gradual easing in labour market conditions in Australia. Labour market conditions remained steady in the June quarter 2026, with the unemployment rate easing to 4.4 percent from a recent peak of 4.5 percent in April 2026, although it remained 0.1ppt higher than a year earlier. The participation rate and employment-to-population ratio increased ...

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Authors: Brendan Rynne, Michael Malakellis,

Published Date: 14 August 2026