Australian unemployment increases 186,000 to 10.3% in May – a month after the end of JobKeeper

Original article by Roy Morgan
Market Research Update – Page: Online : 7-Jun-21

The latest Roy Morgan employment series data shows that 1.49 million Australians were unemployed in May, up 186,000 on April for an unemployment rate of 10.3%. Some 13.07 million Australians were employed in May, just below the record high in April: a record 8,679,000 workers were employed full-time, an increase of 145,000 from April and the seventh straight monthly increase. However, the increase in full-time employment was offset by a drop of 367,000 in part-time employment, to 4,390,000. In addition to those who were unemployed, 1.26 million Australians (8.6% of the workforce) were under-employed – working part-time but looking for more work. This was a decrease of 101,000 on April. In total 2.75 million Australians (18.9% of the workforce) were either unemployed or under-employed in May, an increase of 85,000 on April. The increase was driven by rising unemployment in May. Roy Morgan’s unemployment figure of 10.3% for May is over 4% points higher than the current ABS estimate for April 2021 of 5.5%

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Jobs defy wage subsidy’s demise

Original article by Patrick Commins, Geoff Chambers
The Australian – Page: 1 & 7 : 21-May-21

Treasurer Josh Frydenberg says the latest jobs data shows that the federal government was justified in ending the JobKeeper wage subsidy scheme in late March. New figures show that about 31,000 jobs were cut in April, well below forecasts that between 100,000 and 150,000 jobs would be lost when JobKeeper ended. The figures also show that 132,000 people have moved off income support since March. ACTU secretary Sally McManus has welcomed the slight fall in the official unemployment rate, but she says many workers are underemployed or in multiple jobs that are insecure and unreliable. Labor’s deputy leader Richard Marles notes that 1.8 million Australians are still looking for work.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, ACTU, AUSTRALIAN LABOR PARTY

Australian workforce hits a record high in February as employment and unemployment both increase

Original article by Roy Morgan
Market Research Update – Page: Online : 8-Mar-21

The latest Roy Morgan employment series data shows 1.93 million Australians unemployed in February (up 250,000 on January) equal to 13.2% of the Australian workforce. There were more people looking for both full-time work (up 98,000 to 790,000), and part-time work (up 152,000 to 1,140,000), but under-employment was down 300,000 to 1.14 million. Overall, there were 12,703,000 Australians employed (the highest since March 2020), up 28,000. This increase was driven by a rise in full-time employment, up 125,000 to 8,322,000 but part-time employment was down 97,000 to 4,381,000. The combination of these factors led to the workforce increasing to a new record high of 14,633,000 in February. Roy Morgan’s unemployment figure of 13.2% for February is over double the current ABS estimate for January 2021 of 6.4%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Job seekers gaming system: employer

Original article by Matthew Cranston
The Australian Financial Review – Page: 3 : 9-Feb-21

Khan’s Supermarkets CEO Rashid Khan claims some people who are applying for jobs with his New South Wales company are only doing so to fulfil Centrelink obligations. Like other employers, he would like to see foreign workers be able to roll over their visas, while he claims he had to sell his supermarket in Nowra because he could not find a manager for it, despite being willing to pay $100,000 for one. Employment Minister Michaelia Cash says more job seekers need to be willing to move to areas where there are labour shortages; just 197 people took up JobSeeker assistance to relocate for work in 2020; the lowest figure in six years.

CORPORATES
KHAN’S SUPERMARKETS

Work Aussies won’t do: market mismatches

Original article by Matthew Cranston
The Australian Financial Review – Page: 4 : 8-Feb-21

The federal government has convened an inquiry into Australia’s skilled migrant program, to be headed by the Liberal Party’s Julian Leeser. One aspect of the program it will look at is whether any adjustments are needed in the light of the recovery from the COVID-19 pandemic and the future of work. The inquiry comes as employers say they are struggling to find Australians who are willing to do certain jobs; it has been suggested that visas for overseas workers should be rolled over so that they do not have to return to their own country when their visa expires. Welfare programs such as JobKeeper and JobSeeker are also seen as a constraint on employment by some employers.

CORPORATES
LIBERAL PARTY OF AUSTRALIA

Unemployment down to 11.7% in January – lowest since March 2020, but under-employment increases again

Original article by Roy Morgan
Market Research Update – Page: Online : 8-Feb-21

The latest Roy Morgan employment series data shows that 1.68 million Australians (11.7% of the workforce) were unemployed in January 2021 (down 44,000 on December). In addition, 1.44 million Australians (10.0% of the workforce) were under-employed – working part-time but looking for more work. This was an increase of 81,000 on a month ago and an increase of 154,000 over the last two months. Meanwhile, some 12,675,000 Australians were employed in January (up 26,000 from December). The rise in employment was driven by an increase in full-time employment, up 46,000 to 8,197,000; part-time employment was down 20,000 to 4,478,000. Roy Morgan’s unemployment figure of 11.7% for January is over 5% points higher than the current ABS estimate for December 2020 of 6.6%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

70% of working Australians’ employment impacted by COVID-19 – second lockdown hits Victoria hard

Original article by Roy Morgan
Market Research Update – Page: Online : 3-Nov-20

Seventy per cent of working Australians have now had ‘a change to their employment’ because of the COVID-19 pandemic, according to new research by Roy Morgan. Such changes include working from home, having their work hours reduced, or being made redundant. This is based on research conducted during September, and compares to a finding of 67 per cent in July. The biggest impact in September was found in Victoria, where 79 per cent of working Victorians reported that they had had a change to their employment, 10 per cent more than any other state; Victoria was going through its second lockdown at the time.

CORPORATES
ROY MORGAN LIMITED

Rich hit hard as households lose $102b

Original article by Andrew Tillett
The Australian Financial Review – Page: 5 : 7-May-20

Research by the Australian National University highlights the economic impact of the coronavirus pandemic. The ANU’s survey suggests that the nation’s employment rate fell to 58.9 per cent in April, compared with 62 per cent in February. This equates to the loss of about 670,000 jobs. The ANU also estimates that the total loss of income for Australian households since the lockdowns began is about $102bn, while after-tax income on a per capita basis has fallen from $740 a week to $663. The richest 10 per cent of households have been hardest hit, with their income falling from $2,110 per week to $1,688.

CORPORATES
AUSTRALIAN NATIONAL UNIVERSITY

Job sharing: Why Australian businesses should rethink full-time work

Original article by Killian Plastow
The New Daily – Page: Online : 6-Mar-20

Job sharing has traditionally involved two people with similar skills splitting a full-time job in half. However, the University of New South Wales has called for this arrangement to be revised because of the changing nature of work. It states that future arrangements should allow job-sharing employees to work unequal hours, for senior staff to share jobs with junior colleagues, and for the ‘senior’ work partner to be in charge of decision making. With underemployment being a growing problem in Australia in recent years, Professor Rosalind Dixon from the UNSW says these new job-sharing arrangements would help both those who are working too hard and those who are underemployed.

CORPORATES
UNIVERSITY OF NEW SOUTH WALES

Unemployment matters: At the Federal Election the L-NP picked up four marginal seats with total unemployment and under-employment over 25%

Original article by Roy Morgan
Market Research Update – Page: Online : 13-Aug-19

The latest data for the Roy Morgan employment series shows that in July 1.19 million Australians were unemployed (8.7% of the workforce) with an additional 1.3 million (9.6%) now underemployed. Employment was up 361,000 to 12,382,000 in July, while unemployment was down 147,000 on a year ago to 1,182,000 Australians, with the unemployment rate having fallen by 1.3% to 8.7%. However, the underemployment rate has risen 1% to 9.6% over the past year. Roy Morgan’s real unemployment figure of 8.7% for July is significantly higher than the current ABS estimate for June of 5.2%, although Roy Morgan’s underemployment estimate of 9.6% is comparable to the current ABS underemployment estimate of 8.2%. Roy Morgan CEO Michele Levine says unemployment and underemployment played a decisive role in the recent federal election, with the L-NP Government picking up four marginal seats from the ALP which have total unemployment and underemployment of over 20%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS