Original article by Roy Morgan
Market Research Update – Page: Online : 8-Oct-18
A Roy Morgan survey shows that 12,164,000 Australians were employed in September, up 192,000 over the past year. The increase was driven by equivalent increases in full-time employment (which was up 97,000 to 7,694,000) and part-time employment (up 95,000 to a record 4,470,000). The figures also show that 1,256,000 Australians (9.4% of the workforce) were unemployed in September, an increase of 54,000 on a year ago (up 0.3%). In addition, 1,127,000 Australians (8.4% of the workforce) were under-employed, working part-time and looking for more work, a fall of 169,000 in a year (down 1.4%). In total 2,383,000 Australians (17.8% of the workforce) were either unemployed or under-employed in September, a fall of 115,000 in a year (down 1.1%). Roy Morgan’s real unemployment figure of 9.4% for September remains substantially higher than the current ABS estimate for August of 5.3%. Roy Morgan CEO Michele Levine says total unemployment and under-employment in Australia has now exceeded 2 million for three straight years. As we have noted previously, the persistent high level of unemployment and under-employment is not because jobs aren’t being created, but because the workforce continues to grow at a faster rate than the growth in employment.
CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS