Original article by Roy Morgan
Market Research Update – Page: Online : 3-Jul-23

The latest Roy Morgan employment series data shows that the number of Australians who are unemployed rose by 314,000 to 1,572,000 (10.3% of the workforce) in June. However, underemployment fell 50,000 to 1,415,000 (9.3% of the workforce, down 0.5% points). A total of 2.99 million Australians (19.6% of the workforce) were unemployed or underemployed in June, up by 264,000 from May. Meanwhile, employment fell by 72,000 to 13,635,000 in June. The drop was due to a fall in part-time employment (down 167,000 to 4,697,000), while full-time employment was up 94,000 to 8,937,000. Roy Morgan’s unemployment figure of 10.3% for June is almost triple the ABS estimate of 3.6% for May and is closer to the combined ABS unemployment and under-employment figure of 10.0%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Original article by Roy Morgan
Market Research Update – Page: Online : 28-Jun-23

In June Roy Morgan shows ‘real unemployment’ jumped 1.9% to 10.3% – reversing a series of recent drops. This is the highest ‘real unemployment’ has been since January. In contrast, under-employment was down by 0.5% to 9.3% with fewer people employed part-time in June. Overall though this mean a large rise in combined unemployment and under-employment, up 1.4% to 19.6% of the workforce (2.99 million Australians) – again, this was the highest combined figure since January. These monthly movements take place within the broader context of longer-term trends in the Australian workforce – the total number of people employed or looking for work. The Australian workforce has grown rapidly over the last year. The annual increase in the working aged Australian population hit a record in the year to June 2023 – up by 632,000 to 21.9 million. This surge in the population helped drive the workforce up by 715,000 to over 15.2 million – the second largest annual increase on record. These large increases mean that employment growth has continued over the last year, despite the falls we see in the month of June.

CORPORATES
ROY MORGAN LIMITED

Original article by Roy Morgan
Market Research Update – Page: Online : 6-Jun-23

In May unemployment dropped 0.1% points to 8.4%, according to the latest Roy Morgan employment series data – the fourth straight monthly drop. Unemployment is now at its lowest since COVID-19 restrictions lifted in late 2022. However, there was a rise in under-employment in May, up 0.9% points to 9.8%, to its highest level this year. The rise in under-employment came as part-time employment increased to 4.86 million – a fourth straight month of increases. The rising cost of living, with high inflation and increasing interest rates, are leading to more Australians in part-time employment needing to work more hours to earn a sufficient income. These people in part-time employment looking for more hours are considered under-employed – now nearly 10% of the workforce. Roy Morgan’s unemployment figure of 8.4% is more than double the ABS estimate of 3.7% for April, and is comparable to the combined ABS unemployment and under-employment figure of 9.8%.

CORPORATES
ROY MORGAN LIMITED

Original article by Roy Morgan
Market Research Update – Page: Online : 10-May-23

The latest Roy Morgan employment series data shows that the number of Australians who are unemployed fell by 124,000 to 1.29 million (8.5% of the workforce) in April. However, underemployment was up 21,000 to 1.34 million (8.9% of the workforce). A total of 2.63 million Australians (17.4% of the workforce) were unemployed or underemployed in April, down 103,000 from March. Meanwhile, employment increased by 240,000 to 13,814,000 in April. The increase was driven by an increase in full-time employment, up 68,000 to a new record high of 9,058,000; part-time employment also increased, up 172,000 to 4,756,000. Roy Morgan’s unemployment figure of 8.5% for April is 5% points higher than the ABS estimate of 3.5% for March and is comparable to the combined ABS unemployment and under-employment figure of 9.7%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Original article by Roy Morgan
Market Research Update – Page: Online : 5-Apr-23

The latest Roy Morgan employment series data shows that the number of Australians who are unemployed fell by 111,000 to 1.41 million (9.4% of the workforce) in March. Underemployment was down 48,000 to 1.32 million (8.8% of the workforce). A total of 2.73 million Australians (18.8% of the workforce) were unemployed or underemployed in March, down 159,000. Meanwhile, employment increased by 57,000 to 13,574,000 in March. The increase was driven by an increase in full-time employment, up 41,000 to a new record high of 8,990,000; part-time employment also increased, up 16,000 to 4,584,000. Roy Morgan’s unemployment figure of 9.4% is almost 6% points higher than the ABS estimate of 3.5% for February and is comparable to the combined ABS unemployment and under-employment figure of 9.3%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Original article by Roy Morgan
Market Research Update – Page: Online : 7-Mar-23

The latest Roy Morgan employment series data shows that the number of Australians who are unemployed fell by 86,000 to 1.52 million (10.1% of the workforce) in February. Underemployment was down 59,000 to 1.37 million (9.1% of the workforce). A total of 2.89 million Australians (19.2% of the workforce) were unemployed or underemployed in February, down 145,000. Meanwhile, employment increased by 99,000 to 13,517,000 in February. The increase was driven by an increase in full-time employment, up 48,000 to a new record high of 8,949,000; part-time employment also increased, up 51,000 to 4,568,000. Roy Morgan’s under-employment figure of 9.1% is 3% points higher than the ABS estimate of 6.1% for January. Roy Morgan CEO Michele Levine says that compared to a year ago, the increased immigration and faster population growth than during the pandemic is boosting figures across the workforce. The workforce has grown rapidly over the last year and is up 595,000 to 15,038,000 – driven by both an increase in jobs (up 301,000 to 13,517,000) and a similar-sized increased in unemployment (up 294,000 to 1,521,000).

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS