Record number of Australians employed in February as unemployment falls to 10%

Original article by Gary Morgan
Market Research Update – Page: Online : 11-Mar-16

The long-running Roy Morgan unemployment estimate shows real Australian unemployment (10.0 per cent) is consistently higher than reported by the ABS (6.0 per cent) – and the higher Roy Morgan unemployment estimate "makes sense" when one considers record low wages growth. The ABS figures released monthly lack credibility. ABS estimated unemployment of 6.0 per cent in January – recognised as a figure close to "full employment". The ABS also reports Australian wage growth at a record low of only 2.2 per cent in 2015. These two figures do not make sense. The economic fact is that when an economy approaches full employment, wages growth throughout the economy accelerates and this causes inflation. This is not happening in Australia, and nor is it happening in the US. The US Bureau of Labor Statistics claims US unemployment of only 4.9 per cent on the most reported measure. However, a broader definition of US unemployment also released by the BLS (called U6) shows real US unemployment of 9.7 per cent. This higher US unemployment estimate is a much closer estimate of the real level of unemployment in the US and very close to Australia’s level of real unemployment. Both businesses and governments in Australia and the US do their economic modelling based on the wrong unemployment data.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS, UNITED STATES. BUREAU OF LABOR STATISTICS

Record number of Australians employed in February as unemployment falls to 10%

Original article by Roy Morgan Research
Market Research Update – Page: Online : 11-Mar-16

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate fell from 10.3 per cent to 10 per cent in February 2016. The number of people in the workforce has risen to a record 13,174,000 (up 648,000 since February 2015), and a record 11,855,000 Australians are employed (up 710,000 in the last 12 months). Meanwhile, 1,161,000 people (8.8 per cent of the workforce) are under-employed. The official unemployment rate was four per cent in January 2016.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Unemployment rises to 10.3% in January – Under-employment down from record high in December

Original article by Roy Morgan Research
Market Research Update – Page: Online : 5-Feb-16

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate was 10.3 per cent in January 2016. The number of people in the workforce has risen to a record 13,098,000 (up 471,000 since January 2015), and a record 11,752,000 Australians are employed (up 358,000 in the last 12 months). Meanwhile, the number of people who are under-employed has risen by 196,000 in the last 12 months to 1,229,000 (9.4 per cent of the workforce). The official unemployment rate was 5.8 per cent in December 2015. Roy Morgan Research executive chairman Gary Morgan says Australia’s outdated industrial relations laws and work practices can only be properly reformed if the "cash economy" is tackled at the same time – otherwise any efforts at IR reform will be of limited benefit, as Government revenue increases will be negligible.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Unemployment rises to 9.7% in December – Under-employment at record high

Original article by Roy Morgan Research
Market Research Update – Page: Online : 4-Jan-16

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate was 9.7 per cent in December 2015, compared with 9.2 per cent in November. The number of people in the workforce now totals 13,007,000 (up 106,000 since December 2014), and 11,751,000 Australians are employed (up 252,000 since December 2014). Meanwhile, the number of people who are under-employed has risen by 188,000 in the last 12 months, to a record 1,434,000 (11 per cent of the workforce). The official unemployment rate was 5.8 per cent in November 2015. Roy Morgan Research executive chairman Gary Morgan says the key point for Prime Minister Malcolm Turnbull and the Coalition Government as they contemplate when to hold the Federal Election is how to properly manage the Australian economy to ensure growth and provide jobs for the growing workforce. Changing industrial relations laws and work practices can only be effective if the "cash economy" is tackled at the same time – otherwise any efforts at IR reform will be of limited benefit as Government revenue increases will be negligible.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Employment at record high – 11.8 million Australians employed

Original article by Roy Morgan Research
Market Research Update – Page: Online : 7-Dec-15

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate was 9.2 per cent in November 2015. The number of people in the workforce now totals 12,954,000 (up 297,000 since November 2014), and a record 11,768,000 Australians are employed (up 372,000 since November 2014). Meanwhile, the number of people who are under-employed has risen by 119,000 in the last 12 months to a record 1,350,000 (10.4 per cent of the workforce). The official unemployment rate was 5.9 per cent in October 2015. Roy Morgan Research executive chairman Gary Morgan says that although Prime Minister Malcolm Turnbull has gained popular support amongst Australian electors, the L-NP has not gained majority support among young electors, and the employment situation for students over the next few months is crucial for the Federal Government.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

In October: Real unemployment in Australia is 8.8% (up 0.5% in a month); but down 0.3% from a year ago (9.1%)

Original article by Roy Morgan Research
Market Research Update – Page: Online : 4-Nov-15

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate was 8.8 per cent in October 2015, compared with 9.1 per cent 12 months earlier. The number of people in the workforce now totals 12,663,000 (up 654,000 since October 2014), while the number of people who are under-employed has fallen by 29,000 in the last 12 months to 1,088,000 (8.6 per cent of the workforce). The official unemployment rate was 6.2 per cent in September 2015. Roy Morgan Research executive chairman Gary Morgan says the Federal Government’s main priority must be to eliminate the sizeable "cash economy" in Australia, which will free-up the labour market and have a much bigger impact on increasing productivity and employment growth than a simple increase in the GST.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, 7-ELEVEN STORES PTY LTD, UNITED PETROLEUM PTY LTD, BAKER’S DELIGHT HOLDINGS LIMITED, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, NANDO’S AUSTRALIA PTY LTD, SUBWAY SANDWICHES PTY LTD, AUSTRALIA. FAIR WORK COMMISSION

Australian September real unemployment 8.3% – lowest since May 2012

Original article by Roy Morgan Research
Market Research Update – Page: Online : 5-Oct-15

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate was 8.3 per cent in September 2015, compared with 9.9 per cent 12 months earlier. The number of people in the workforce now totals 12,764,000 (up 540,000 since September 2014), while the number of people who are underemployed has fallen by 79,000 in the last 12 months to 936,000 (7.3 per cent of the workforce). The official unemployment rate was 6.2 per cent in August 2015. Roy Morgan Research executive chairman Gary Morgan says that while it appears that Australia’s employment market is heading in the right direction, it is obviously early days for the new Turnbull Government and the momentum of recent months must be built upon rather than squandered by policy timidity.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, 7-ELEVEN STORES PTY LTD, UNITED PETROLEUM PTY LTD, BAKER’S DELIGHT HOLDINGS LIMITED, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, SUBWAY SANDWICHES PTY LTD, AUSTRALIA. FAIR WORK COMMISSION

Australian July real unemployment 8.7% – down for fifth consecutive month

Original article by Roy Morgan Research
Market Research Update – Page: Online : 3-Aug-15

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate was 8.7 per cent in July 2015. The number of people in the workforce now totals 12,673,000 (306,000 since July 2014), while the number of people who are underemployed has fallen by 102,000 in the last 12 months to 977,000 (7.7 per cent of the workforce). The official unemployment rate was 6.0 per cent in July 2015. Roy Morgan Research executive chairman Gary Morgan says the Federal Government must look at the abolition of Sunday and public holiday penalty rates for the tourism and retail industries, as these measures have a detrimental impact on small businesses, which are forced to close on Sundays and public holidays.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Australian June real unemployment 9.3% – down for fourth consecutive month

Original article by Roy Morgan Research
Market Research Update – Page: Online : 2-Jul-15

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate was 9.3 per cent in June 2015. The number of people in the workforce now totals 12,755,000 (up 247,000 since May 2014), while the number of people who are underemployed has fallen by 59,000 in the last 12 months to 1,129,000 (8.9 per cent of the workforce). The official unemployment rate was 6.0 per cent in May 2015. Roy Morgan Research executive chairman Gary Morgan says the Federal Government must look at the abolition of Sunday and public holiday penalty rates for the tourism and retail industries, as these measures have a detrimental impact on small businesses, which are forced to close on Sundays and public holidays.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Australian unemployment jumps in February to 11.0% – highest since March 2014

Original article by Roy Morgan Research
Market Research Update – Page: Online : 4-Mar-15

A Roy Morgan survey on Australia’s unemployment and under-employed shows that the real unemployment rate rose to 11 per cent in February 2015. This compares with an official unemployment rate of 6.4 per cent in January. The total workforce has fallen by 139,000 to 12,526,000 since February 2014, and the number of Australians who are under-employed has risen by 81,000 to 1,161,000 in the last 12 months. Roy Morgan Research executive chairman Gary Morgan says that to stand any chance of re-election in 2016, the Federal Government must look seriously at comprehensive industrial relations reform in in the May 2015 Budget

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS