Original article by Roy Morgan
Market Research Update – Page: Online : 11-Sep-24

In August 2024, Australian ‘real’ unemployment fell by 174,000 to 1,423,000 (down 1% to 9.1% of the workforce). Part-time employment increased by 136,000 to 4,901,000 in August, although full-time employment was virtually unchanged at 9,387,000; overall employment for the month increased by 133,000 to 14,288,000. In addition to the unemployed, a further 1.5 million Australians (9.5% of the workforce) were under-employed, i.e. working part-time but looking for more work, down 38,000 from July. In total, 2.92 million Australians (18.6% of the workforce, down 1.2%) were either unemployed or under-employed in August. Roy Morgan’s unemployment figure of 9.1% for August is clearly more than double the ABS estimate of 4.2% for July, but it is approaching the combined ABS unemployment and under-employment figure of 10.5%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS