Original article by Roy Morgan
Market Research Update – Page: Online : 16-Sep-19

Latest data for the Roy Morgan employment series shows that 1.18 million Australians (8.7 per cent of the workforce) were unemployed in August, while an additional 950,000 (7.1%) are under-employed. Unemployment has fallen by 2.3% on a year ago, while under-employment is down 0.9%. The workforce, which comprises employed Australians and those who are unemployed and looking for work, rose year-on-year by 57,000 to 13,473,000. Roy Morgan CEO Michele Levine said the falls in unemployment and under-employment in August are early signs that consecutive RBA interest rate cuts in June and July, as well as the L-NP Government’s income tax cuts, are providing a post-election boost to the economy.

CORPORATES
ROY MORGAN LIMITED