Original article by Roy Morgan
Market Research Update – Page: Online : 21-May-24

The ABS employment estimates for April released last week showed Australian unemployment rising 30,300 to 604,200 (4.1%, up 0.2%) – the highest ABS estimate for over two years since November 2021. The ABS estimate once again followed the earlier released Roy Morgan ‘Real Unemployment’ estimates which showed an increase of 177,000 to 1,535,000 (9.7%, up 1%) – well over twice as high as the latest ABS estimate. The ABS also showed rising under-employment, increasing 20,000 to 991,000 (6.6%, up 0.1%). This followed the Roy Morgan estimates on under-employment, up 18,000 to 1,594,000 (10.1%, unchanged). The combined Roy Morgan ‘Real Unemployment’ and under-employment estimates show 3.13 million Australians (19.8% of the workforce, up 1%) unemployed or under-employed in April – the highest level of total labour under-utilisation for over three years since October 2020 (3.15 million) during the early months of the pandemic.

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ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS