Record employment in January driven by increasing full-time jobs

Original article by Roy Morgan
Market Research Update – Page: Online : 4-Feb-19

A Roy Morgan survey shows that a record 12,397,000 Australians were employed in January 2019, up 161,000 over the past year. The increase in employment was driven by a solid increase in full-time employment of 212,000 (to 8,257,000); part-time employment was down 51,000 (to 4,140,000). The figures also show that 1,253,000 Australians (9.2% of the workforce) were unemployed in January (up 34,000 on a year ago), and the unemployment rate increased by 0.1%. In addition, 1,300,000 Australians (9.5% of the workforce) were under-employed, working part-time and looking for more work, a decrease of 71,000 in a year (down 0.7%). In total 2,553,000 Australians (18.7% of the workforce) were either unemployed or under-employed in January, a decrease of 37,000 in a year (down 0.6%). Roy Morgan’s real unemployment figure of 9.2% for January is significantly higher than the current ABS estimate for December 2018 of 5.0%. Roy Morgan CEO Michele Levine says that despite steady economic growth over the past few years, analysing the employment trends shows that over 2 million Australians have been unemployed or underemployed for over seven years.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

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