Original article by Roy Morgan
Market Research Update – Page: Online : 17-Jan-24

The latest Roy Morgan employment series data shows that the number of Australians who are employed rose by 165,000 to a new record high of 14,175,000 in December 2023. The increase was due to a rise in full-time employment (up 234,000 to a new record high of 9,242,000), while part-time employment was down 69,000 to 4,933,000. Despite surging employment – up by 607,000 compared to a year ago – some 3.02 million Australians (19.4% of the workforce) were unemployed or under-employed in December (down 0.2% from November). Some 1,364,000 Australians were unemployed in December (8.8% of the workforce), a decrease of 141,000 from November (down 0.9%). In addition to the unemployed, a further 1.65 million Australians (up 119,000) were under-employed in December. Roy Morgan’s unemployment figure of 8.8% is more than double the ABS estimate of 3.9% for November, but is comparable with the combined ABS unemployment and under-employment figure of 10.4%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS