Australians back at work in February, full-time employment hits record

Original article by Roy Morgan
Market Research Update – Page: Online : 12-Mar-18

A Roy Morgan survey shows 1.31 million Australians were unemployed in February (9.7% of the workforce); an increase of 57,000 (up 0.3%) on a year ago. In addition 1.21 million Australians (10.2% of the workforce) are now under-employed, working part-time and looking for more work, a rise of 73,000 in a year (up 0.4%). The same survey also showed that 12,228,000 Australians were employed in February – an increase of 133,000 over the past year equal to an average of just over 10,000 jobs added per month. The increase in employment year on year was driven entirely by an increase in full-time employment which rose 249,000 to a record high 8,153,000 while part-time employment fell 116,000 to 4,075,000. Roy Morgan real unemployment figures of 9.7% for February are substantially higher than the current ABS estimate for January 2018 of 5.5%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

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