Australian unemployment drops to 9.5% in August – as lockdowns force contractions in key workforce estimates

Original article by Roy Morgan
Market Research Update – Page: Online : 7-Sep-21

The latest Roy Morgan employment series data shows that 1.36 million Australians were unemployed in August, down 60,000 on July, for an unemployment rate of 9.5%. Driving the fall was far fewer more people looking for full-time work (down 127,000 to 492,000) while there was an increase in people looking for part-time work (up 67,000 to 870,000). Some 1.18 million Australians (8.2% of the workforce) were under-employed – working part-time but looking for more work, a drop of 159,000 (down 0.9% points) from July. In total, 2.54 million Australians (17.7% of the workforce) were either unemployed or under-employed in August, a drop of 220,000 on July. The drop was driven by the contracting workforce during lockdowns as both unemployment and under-employment fell from a month ago. Meanwhile, employment was down by 157,000 to 13,041,000 in August, including 8,654,000 workers employed full-time, a drop of 111,000 from July. There was also a decrease in part-time employment, down by 46,000 to 4,387,000. Roy Morgan’s unemployment figure of 9.5% for August is nearly 5% points higher than the current ABS estimate for July 2021 of 4.6%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

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