Market Intelligence Reports

Quarterly Global Market Report Q1 2021

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76 February, 2021 Australia Total Workforce (000s) Dec '20 13,823 Unemployed Workers (000s) 885 Unemployment Rate 6.4% Youth Unemployment Rate 13.9% 5,610 9,555 2,649 830 5,371 1,485 19 years or Under Prime Working Age (20 -64 years) 65 years+ Local Born Foreign Born Population In Thousands 6,814 6,840 6,833 6,539 6,613 5.3% 5.1% 5.6% 6.9% 7.2% 6,078 6,153 6,130 5,789 5,934 5.0% 4.7% 5.5% 6.8% 6.7% 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 Male Employed Male Unemployed (%) Female Employed Female Unemployed (%) 71.1% 71.0% 71.0% 68.7% 69.6% 60.9% 61.2% 61.3% 58.5% 59.9% 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 Male Participation Rate Female Participation Rate Over 30% of the population is foreign born. Nearly 600K Australians have emigrated. The 2016 census shows that Sydney and Melbourne had foreign-born populations of 45% and 41% respectively. A lack of migration due to Covid-19 will mean that Australia's population growth will be the lowest since 1916, although partially offset as over 400K Australians have returned since March 2020. The unemployment gap between foreign born and native born populations was 0.3 percentage points in 2019. Some states have waived requirements for Medicare to diagnose and treat foreigners with Covid-19. 909 Covid-19 deaths. Borders are closed to all non-residents and Australian citizens with a few limited exceptions. Any traveller entering Australia must quarantine for a period of 14 days. Local lockdowns are being implemented based on any outbreaks. Schools, shops and services are open. Some restriction of travel between states. Impact of Covid-19 on Labor Force Over Time Labor Force Participation Rates by Gender Migration Migration Migrant Stock by Working Age (June 2020) Latest Labor Force Statistics Workforce Labor Force Employed and Unemployed by Gender Covid-19 – Daily Confirmed Cases (7 Day Average) Covid-19 Restriction Update (End of February 2021) Covid-19 Update and Restrictions Employed W orkers in Thousands Key Sources: 6e914d57/ australia/latest-release

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