Original article by Roy Morgan
Market Research Update – Page: Online : 8-Nov-21

The latest Roy Morgan employment series data shows that 1.32 million Australians were unemployed in October, up 55,000 on September, for an unemployment rate of 9.2%. Driving the increase was more people looking for part-time work (up 114,000 to 849,000) while there was a decrease in people looking for full-time work (down 59,000 to 471,000). Some 1.23 million Australians (8.6% of the workforce) were under-employed – working part-time but looking for more work, an increase of 64,000 (up 0.6% points) on September. In total, 2.55 million Australians (17.8% of the workforce) were either unemployed or under-employed in October, an increase of 119,000 on September. Meanwhile, employment dropped 289,000 to 13,019,000 in October, driven by the decrease in part-time employment (down 379,000 to 4,281,000 – the lowest since August 2020). In contrast, full-time employment increased by 90,000 in October to 8,738,000. Roy Morgan’s unemployment figure of 9.2% for October is over 4% points higher than the current ABS estimate for September 2021 of 4.6%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS