Historical Year Data · 2016
Australia Unemployment in 2016
Australia Unemployment opened 2016 at 6.04% and closed at 5.83%, a -3.42% move for the year. The high of 6.04% was reached on January 1, and the low of 5.60% on October 1.
Open
6.04%
2016-01
Close
5.83%
12 data points
High
6.04%
Jan 1
Low
5.60%
Oct 1
Full Year Change
-3.42%
2015 Change
-9.62%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 6.04% | 6.04% | 6.04% | 6.04% | +0.00% |
| Feb | 5.70% | 5.70% | 5.70% | 5.70% | +0.00% |
| Mar | 5.65% | 5.65% | 5.65% | 5.65% | +0.00% |
| Apr | 5.65% | 5.65% | 5.65% | 5.65% | +0.00% |
| May | 5.72% | 5.72% | 5.72% | 5.72% | +0.00% |
| Jun | 5.70% | 5.70% | 5.70% | 5.70% | +0.00% |
| Jul | 5.69% | 5.69% | 5.69% | 5.69% | +0.00% |
| Aug | 5.62% | 5.62% | 5.62% | 5.62% | +0.00% |
| Sep | 5.66% | 5.66% | 5.66% | 5.66% | +0.00% |
| Oct | 5.60% | 5.60% | 5.60% | 5.60% | +0.00% |
| Nov | 5.77% | 5.77% | 5.77% | 5.77% | +0.00% |
| Dec | 5.83% | 5.83% | 5.83% | 5.83% | +0.00% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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