Real unemployment jumps to 10.9% as Australians prepare to vote in election

Original article by Roy Morgan
Market Research Update – Page: Online : 17-Apr-19

The latest data for the Roy Morgan employment series shows that 12,158,000 Australians were employed in March 2019, down 216,000 over the past year. The fall in employment was driven by a significant decrease in part-time employment of 203,000 over the past year (to 4,228,000); full-time employment was virtually unchanged, down by 13,000 (to 7,930,000). The figures also show that 1,491,000 Australians (10.9% of the workforce) were unemployed in March, up 281,000 on a year ago, and the unemployment rate was up by 2%. In addition, 1,321,000 Australians (9.7% of the workforce) were under-employed, working part-time and looking for more work, a decrease of 41,000 in a year (down 0.3%). In total, a record high 2,812,000 Australians (20.6% of the workforce) were either unemployed or under-employed in March, an increase of 240,000 in a year (up 1.7%). Roy Morgan’s real unemployment figure of 10.9% for March is significantly higher than the current ABS estimate for February of 4.9%. Roy Morgan CEO Michele Levine says the disappointing employment figures suggest the real problem facing the Morrison Government has been an inability to solve Australia’s continuing problem of high unemployment and under-employment. Roy Morgan has consistently shown over 2 million Australians looking for work (unemployed) or looking for more work (under-employed) since the L-NP Government was first elected in September 2013 and that problem remains a large one to this day.

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

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