{SHARE}UNDEREMPLOYMENT – AUSTRALIA

Boost for L-NP as unemployment and under-employment both down in August following income tax cut and RBA rate cuts

roymorgansocial Leave a comment

Original article by Roy Morgan
Market Research Update – Page: Online : 16-Sep-19

Latest data for the Roy Morgan employment series shows that 1.18 million Australians (8.7 per cent of the workforce) were unemployed in August, while an additional 950,000 (7.1%) are under-employed. Unemployment has fallen by 2.3% on a year ago, while under-employment is down 0.9%. The workforce, which comprises employed Australians and those who are unemployed and looking for work, rose year-on-year by 57,000 to 13,473,000. Roy Morgan CEO Michele Levine said the falls in unemployment and under-employment in August are early signs that consecutive RBA interest rate cuts in June and July, as well as the L-NP Government’s income tax cuts, are providing a post-election boost to the economy.

CORPORATES
ROY MORGAN LIMITED

Unemployment at 11% in August highest for more than two years

roymorgansocial Leave a comment

Original article by Roy Morgan
Market Research Update – Page: Online : 14-Sep-18

The latest Roy Morgan figures on employment in Australia show that unemployment increased to a two-year high of 11% in August. This is more than twice as high as the current Australian Bureau of Statistics estimate for July of 5.3%. According to Roy Morgan, the increase has come about due to a rise in people looking for a job, despite the solid growth in employment. A further eight per cent of the workforce are now under-employed, working part-time and looking for more work. Roy Morgan CEO Michele Levine says over 250,000 jobs have been created over the last year, but the even faster growth in the Australian workforce means unemployment has increased by over 150,000 to 1.48 million.

CORPORATES
ROY MORGAN LIMITED