Employment growth stalls as overall employment down on a year ago

Original article by Roy Morgan
Market Research Update – Page: Online : 14-Mar-19

The latest data for the Roy Morgan employment series shows that 12,174,000 Australians were employed in February 2019, down 54,000 over the past year. The fall in employment was driven by a decrease in part-time employment of 60,000 (to 4,015,000); full-time employment was virtually unchanged, up by 6,000 to 8,159,000. The figures also show that 1,292,000 Australians (9.6% of the workforce) were unemployed in February, down 18,000 on a year ago, and the unemployment rate decreased by 0.1%. In addition, 1,156,000 Australians (8.6% of the workforce) were under-employed, working part-time and looking for more work, a decrease of 54,000 in a year (down 0.3%). In total, 2,448,000 Australians (18.2% of the workforce) were either unemployed or under-employed in February, a decrease of 72,000 in a year (down 0.4%). Roy Morgan’s real unemployment figure of 9.6% for February is significantly higher than the current ABS estimate for January of 5.0% although Roy Morgan’s under-employment estimate of 8.6% is comparable to the current ABS underemployment estimate of 8.1%. Meanwhile, the latest Roy Morgan Poll conducted over the last two weekends of March 2/3 & 9/10 with a representative cross-section of 1,603 electors shows the ALP 55.5% cf. L-NP 44.5% on a two-party preferred basis. The ALP’s lead amongst women is even stronger with women supporting the ALP 56.5% cf. L-NP 43.5% while men also support the ALP but to a lesser degree: ALP 54% cf. L-NP 46%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS, MORGAN POLL, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA

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