Australia’s real unemployment is 9.4% in July; down 1.1% from a year ago

Original article by Roy Morgan Research
Market Research Update – Page: Online : 7-Aug-17

A Roy Morgan survey shows that 11,854,000 Australians were employed in July 2017, a substantial increase of 212,000 over the past year (with just under 20,000 jobs added per month). A total of 1.236 million Australians were unemployed in July (9.4% of the workforce). This is down 129,000 (1.1%) from a year ago. An additional 1.226 million Australians (9.4%) were under-employed (looking for work or looking for more work), which is up 55,000 (0.4%). A total of 2.462 million Australians (or 18.8%) were unemployed or under-employed in July. The Roy Morgan real unemployment figures are substantially higher than the current ABS estimate for June 2017 (5.6%). Roy Morgan Research executive chairman Gary Morgan says that finding work for the 2.462 million Australians who are unemployed or under-employed is the Government’s largest challenge, despite what the media may talk about on a continual basis. This large cohort of Australians looking for new employment opportunities will ultimately judge the Government’s success or otherwise based on whether an improving economy is generating sufficient jobs.


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