Unemployment in November is 9.5% and under-employment is 7.7%

Original article by Roy Morgan
Market Research Update – Page: Online : 7-Dec-18

A Roy Morgan survey shows that 12,294,000 Australians were employed in November 2018, up 408,000 over the past year. The increase in employment was evenly shared, with part-time employment rising by 217,000 to 4,184,000 and full-time employment rising by 191,000 to 8,110,000. The figures also show that 1,291,000 Australians (9.5% of the workforce) were unemployed in November, virtually unchanged on a year ago but with the unemployment rate down by 0.3% due to growth in the workforce. In addition, 1,042,000 Australians (7.7% of the workforce) were under-employed, working part-time and looking for more work, a decrease of 64,000 in a year (down 0.7%). This is the lowest level of under-employment since September 2016. In total 2,333,000 Australians (17.2% of the workforce) were either unemployed or under-employed in November, a decrease of 61,000 in a year (down 1%). Roy Morgan’s real unemployment figure of 9.5% for November remains substantially higher than the current ABS estimate for October of 5.0%. Roy Morgan CEO Michele Levine says the strong growth in employment appears to be directly related to the growth in the overall Australian workforce, with the level of unemployment virtually unchanged from a year ago.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s