Original article by Roy Morgan
Market Research Update – Page: Online : 20-Jan-23

The latest ABS unemployment data released yesterday showed employment down by 14,600 in December, in line with the already released Roy Morgan employment data which showed employment down by 12,000. The ABS data also showed a rise of 0.1% points in the unemployment rate in line with the increase in Roy Morgan’s unemployment rate, up 0.3% points in December – although ABS unemployment at 3.5% is less than half that of Roy Morgan (9.3%). The ABS employment data was collected at the start of December and may be the first inkling of a weakening economy. The decline in jobs in December shows why it is so important for the Albanese Government to get their industrial relations policies right – including dealing with the cash economy. Younger people are heavily represented in the cash economy, which is widespread in the retail and hospitality industries, and also for those employed for domestic duties and in childcare. View the latest Roy Morgan employment data to learn more.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS