Original article by Roy Morgan
Market Research Update – Page: Online : 16-Oct-24

In September 2024, Australian ‘real’ unemployment increased by 87,000 to 1,510,000 (up 0.4% to 9.5% of the workforce), as more tham 100,000 people joined the workforce. In addition to the unemployed, a further 1.45 million Australians (9.2% of the workforce) were under-employed, i.e. working part-time but looking for more work, down 43,000 from August. In total, 2.96 million Australians (18.7% of the workforce) were either unemployed or under-employed in September. However, overall employment was virtually unchanged, up 17,000 on a month ago to 14,305,000. Part-time employment increased by 32,000 to 4,933,000 while full-time employment dropped 15,000 to 9,372,000. The total workforce in September was 15,816,000 (up 105,000 from August, and up 497,000 from a year ago). Roy Morgan’s unemployment figure of 9.5% for September is more than double the ABS estimate of 4.2% for August, but it is approaching the combined ABS unemployment and under-employment figure of 10.7%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS