Author: roymorgansocial

The Hidden Unemployed must not be ignored at the Jobs & Skills Summit

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Original article by Michele Levine
Market Research Update – Page: Online : 24-Aug-22

The latest Roy Morgan unemployment figures for July show that there are 1.25 million Australians out of work and looking for a job (8.5% of the workforce), and another 1.27 million who want to work more hours (8.6% of the workforce). However, the ABS unemployment figures say that only 3.4% of the workforce is unemployed (474,000). The key reason for the difference of over 770,000 people is the way being unemployed is defined. Roy Morgan asks a person who is not in paid employment if they are looking for paid work. If the answer is yes, Roy Morgan considers that person to be unemployed. The ABS classifies a person as unemployed only if, when surveyed, they have been actively looking for work in the four weeks up to the end of the reference week and if they were available for work in the reference week. That means anyone out of work for three weeks is never counted. The ABS also publishes an annual survey on ‘Potential workers’ which much more accurately captures the true level of unemployment in Australia. In late May 2022 the ABS released the latest version of this survey for the month of February. It showed that there were 1.8 million ‘Potential workers’ in Australia and another 900,000 under-employed workers – over 2.7 million Australians either wanting to work or wanting to work more hours. The remarkable aspect of this release is that the figures are so similar to those from Roy Morgan. These extra potential workers should not be forgotten in the deliberations at the federal government’s Jobs & Skills Summit.

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ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Six magazine categories enjoy growth over the last year led by Health & Family, Food & Entertainment, Women’s Lifestyle and Motoring – all with readership up on 2021

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Original article by Roy Morgan
Market Research Update – Page: Online : 24-Aug-22

The Roy Morgan Australian Readership report for the 12 months to June 2022 shows that 11 million Australians aged 14+ (52.1%) read print magazines, down 0.9% on a year ago. This market broadens to 14.7 million Australians aged 14+ (69.5%) who read magazines in print or online either via the web or an app, a small drop of 3.1 per cent from a year ago. There were increases in print readership for six of the 17 magazine categories over the last year, despite the easing of COVID-19 restrictions allowing Australians to spend their money more widely so far during 2022. Nearly half of the top 10 most widely read magazines increased their print readership over the last year, as did eight out of the top 25. Better Homes & Gardens is Australia’s most widely read paid magazine with print readership of 1,574,000 (ahead of the Australian Women’s Weekly with a print readership of 1,202,000). Australia’s two most widely read free magazine is Coles magazine with a print readership of 4,829,000 – just ahead of Fresh Ideas (from Woolworths) with a readership of 4,725,000 (up 2.8 per cent). These are the latest findings from the Roy Morgan Single Source survey of 65,321 Australians aged 14+ in the 12 months to June 2022.

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ROY MORGAN LIMITED

Crikey: small independent news website challenges Lachlan Murdoch to sue it for defamation

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Original article by Ben Doherty
The Guardian Australia – Page: Online : 24-Aug-22

Private Media has taken out a full-page advertisement in The New York Times in which it challenges Lachlan Murdoch to sue for defamation. Private Media is the publisher of the Crikey news website, which has been embroiled in a legal dispute with Murdoch over an article written by political editor Bernard Keane that linked the Murdoch family to the 6 January 2021 attack on the US Capitol building. The article referred to the name "Murdoch" several times in both the title and text, but Crikey has contended that Lachlan Murdoch is not specifically named at any time, and that any defamation action "is bound to fail". Murdoch’s lawyers in turn have argued that the article and associated social media posts contain "scandalous allegations of criminal conduct and conspiracy" and "highly defamatory and false imputations" about him.

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PRIVATE MEDIA PARTNERS PTY LTD, CRIKEY.COM.AU

Super contributions surge past $63bn

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Original article by Glenda Korporaal
The Australian – Page: 14 : 24-Aug-22

Data from the Australian Prudential Regulation Authority shows that net contributions to superannuation funds increased by 88 per cent in 2021-22. Net contributions exceeded $63bn, with inflows of $146.5bn being partially offset by some $85.8bn worth of benefits being paid out to members. Employer contributions rose by 10.2 per cent to $108.6bn, with the super guarantee rising by 0.5 per cent to 9.5 per cent on 1 July 2021. Personal contributions increased by about 32.7 per cent, to $35.3bn. The total value of super funds’ assets fell from $3.38trn to $3.31trn during the financial year.

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AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY

ANZ-Roy Morgan Consumer Confidence up by 1.4pts to 85.6 – highest since early June 2022

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Original article by Roy Morgan
Market Research Update – Page: Online : 24-Aug-22

ANZ-Roy Morgan Consumer Confidence rose 1.4pts to 85.6 in the week ended 17 August. It is now 16pts below the same week a year ago (101.6). In addition, Consumer Confidence is now 5.9pts below the 2022 weekly average of 91.5, but it is now at its highest since early June 2022. On a State-based level Consumer Confidence increased in New South Wales, Victoria, Queensland and South Australia; there was a slight decline in Western Australia, but Consumer Confidence in that State remains higher than any other State. Now 24% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 42% (up 1ppt) say their families are ‘worse off’ financially. In addition, 32% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, and 30% (down 1ppt) expect to be ‘worse off’ financially. Only 9% (up 3ppts) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 34% (down 3ppts) expect ‘bad times’. Meanwhile, just 22% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items (the lowest figure for this indicator since the early stages of the pandemic in April 2020), while 46% (down 3ppts) say now is a ‘bad time to buy’.

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ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

South32 walks away from coal extension

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Original article by Nick Evans
The Australian – Page: 16 : 24-Aug-22

Diversified miner South32 has advised that it will not proceed with a proposed US700m ($1bn) expansion of its Dendrobium coal mine in NSW. CEO Graham Kerr says the company has decided to invest its capital in other projects, although he has not ruled out reviving the expansion plans for Dendrobium in the future. Production at the mine is slated to continue until at least 2028; the expansion would have extended its mine life to 2041, after South32 scaled back plans for a larger expansion that was rejected by the NSW Independent Planning Commission in 2021.

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SOUTH32 LIMITED – ASX S32, NEW SOUTH WALES. INDEPENDENT PLANNING COMMISSION

Inner-city suburbs fall to pre-COVID levels

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Original article by Nila Sweeney
The Australian Financial Review – Page: 35 : 24-Aug-22

CoreLogic has identified 11 inner suburbs of Sydney in which the median house price is now lower than prior to the COVID-19 pandemic. The list is headed by Darlinghurst and Surry Hills, where the median price has fallen by 6.7 per cent and 6.5 per cent respectively since March 2020. The median house price in 46 inner suburbs of Melbourne has also fallen since the onset of the pandemic. This includes a 14.2 per cent decline in South Melbourne and a 12.3 per cent fall in St Kilda. Eliza Owen of CoreLogic says prices in more suburbs are likely to fall below pre-COVID levels as the housing market downturn gathers pace.

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CORELOGIC AUSTRALIA PTY LTD

Speaker rejects Greens push to refer Morrison to privileges committee

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Original article by Sarah Martin, Paul Karp
The Guardian Australia – Page: Online : 24-Aug-22

Solicitor-General Stephen Donaghue has advised the federal government that former prime minister Scott Morrison did not break the law in secretly appointing himself to five ministerial portfolios. However, his report concluded that Morrison had "fundamentally undermined" the principles of responsible government. Prime Minister Anthony Albanese has flagged an inquiry into Morrison’s actions. Meanwhile, the Greens’ bid to have Morrison referred to parliament’s privileges committee has been rejected by the House of Representatives’ Speaker Milton Dick; he said there was not enough evidence to suggest that Morrison had deliberately misled parliament.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN GREENS

Apple, Samsung, ABC and Wesfarmers among the big improvers in Roy Morgan’s latest Net Trust rankings

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Original article by Roy Morgan
Market Research Update – Page: Online : 24-Aug-22

Roy Morgan data scientists have analysed nominations from more than 21,000 Australians to identify the nation’s 20 most trusted brands, and the 20 most distrusted brands. Retailers continue to dominate the most trusted brands. The top five most trusted brands in June 2022 were Woolworths, Coles, Bunnings Warehouse, ALDI and Kmart – all unchanged at the top of the rankings for three straight quarters. However, there were big improvers in the Top 20, led by Apple (which was up two places to seventh), Samsung (up two places to 13th), the ABC (up two places to 15th) and JB Hi-Fi (up one place to 17th). Wesfarmers also entered the top 20 for the first time. Meanwhile, BP has entered the top 20 list of Australia’s most distrusted brands, while brands including News Corp, Rio Tinto, Nestle, McDonald’s, Optus, AGL, BP and Uber all experienced rising distrust rankings during the year ending June 2022. The Roy Morgan Risk Monitor surveys approximately 1,800 Australians every month to measure levels of trust and distrust in more than 900 brands across 26 industry sectors.

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ROY MORGAN LIMITED

Call to end MUA ports chokehold

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Original article by Patrick Commins
The Australian – Page: 1 & 4 : 17-Aug-22

Australian Chamber of ­Commerce & Industry CEO Andrew McKellar will use a National Press Club speech on Wednesday to call for productivity improvements at the nation’s ports. He will argue that Australia’s ports are among the least efficient in the world, and that action must be taken to address the Maritime Union of Australia’s "chokehold". McKellar will also argue that industrial relations reform must be high on the agenda for the upcoming jobs and skills summit, as well as an increase in the permanent migrant intake.

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AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, NATIONAL PRESS CLUB (AUSTRALIA), MARITIME UNION OF AUSTRALIA