Original article by Roy Morgan
Market Research Update – Page: Online : 8-Dec-17
A Roy Morgan survey shows that 1.288 million Australians were unemployed (9.8% of the workforce) in November 2017, an increase of 89,000 (up 0.6%) on a year ago. In addition, 1.106 million Australians (8.4% of the workforce) were under-employed, working part-time and looking for more work, a rise of 6,000 in a year. In total, 2.394 million Australians were unemployed or under-employed in November. The figures also show that 11,886,000 Australians were employed in November – an increase of 39,000 over the past year. The Roy Morgan real unemployment figures are substantially higher than the current ABS estimate of 5.4% for October. Roy Morgan executive chairman Gary Morgan says it has now been more than two years, or 26 straight months, that more than two million Australians have been unemployed or under-employed. It is this "slack" in the Australian labour market that is responsible for the low wage growth mentioned by the RBA this week in their Statement explaining their decision to leave interest rates unchanged at 1.5%.
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA