Australian unemployment drops to 9.4% in June – before three States enforce COVID lockdowns

Original article by Roy Morgan
Market Research Update – Page: Online : 5-Jul-21

The latest Roy Morgan employment series data shows that 1.39 million Australians were unemployed in June, down 99,000 on May, for an unemployment rate of 9.4%. The workforce in June was 14,768,000 – comprised of 13,374,000 employed Australians (an increase of 305,000) and 1,394,000 unemployed Australians looking for work (up 99,000). In addition to those who were unemployed, 1.26 million Australians (8.5% of the workforce) were underemployed – working part-time but looking for more work. This was unchanged from May. In total, 2.65 million Australians (17.9% of the workforce) were either unemployed or underemployed in June, a drop of 98,000 on May. The decrease was driven by the fall in unemployment. Roy Morgan’s unemployment figure of 9.4% for June is more than 4% points higher than the current ABS estimate for May 2021 of 5.1%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

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