UNDEREMPLOYMENT – AUSTRALIA

Part time and casual jobs fuelling the growth of under-employment

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Original article by
abc.net.au – Page: Online : 27-Feb-20

Roy Morgan CEO Michele Levine appeared on the ABC’s ‘7.30’ program on 26 February to discuss the issue of under-employment in Australia. Research by Roy Morgan shows that 8.7 per cent of the workforce is under-employed, compared with the official ABS figure of 8.5 per cent. Roy Morgan estimates that almost 1.2 million Australians were under-employed in 2019, an increase of nearly 450,000 since 2005. Levine says part-time jobs are growing at a faster rate than full-time jobs, and the economy would benefit from people having extra work if they wanted it. The ABS counts a person as being employed if they work for just one hour a week.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIAN BROADCASTING CORPORATION

Roy Morgan January unemployment predicted the increase seen yesterday with the ABS results

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Original article by Roy Morgan
Market Research Update – Page: Online : 21-Feb-20

The Roy Morgan January unemployment and under-employment result released earlier this week showed an increase in real unemployment to 9.7% in January with over 1.36 million Australians now unemployed (an increase of 1% point from December) and a further 1.23 million (8.7% of the workforce) now under-employed – and now the ABS results have confirmed the upward trend in unemployment. The ABS figures show seasonally adjusted unemployment of 5.3% in January, up 0.2% points from December with 726,000 Australians now looking for a job according to the ABS. The ABS figures show an additional 8.6% of Australians are now under-employed. The latest Roy Morgan employment estimates show over 2.5 million Australians (18.4% of the workforce) are now looking for a job or looking for more work while the ABS claims a significantly lower figure of around 1.9 million (13.9%). These results suggest the ABS is continuing to under-estimate the level of true workforce labour under-utilisation in Australia.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Rate cut odds sink with jobless fall

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Original article by Adam Creighton
The Australian – Page: 2 : 24-Jan-20

Official data shows that Australia’s unemployment rate fell to 5.1 per cent in December, its lowest level since April. The economy shed 300 full-time jobs, although this was offset by the creation of 29,200 part-time jobs. The underemployment rate was steady at 8.3 per cent; the Australian Bureau of Statistics’ chief economist Bruce Hockman notes that underemployment has remained unchanged over the last year. Financial markets have responded to the latest jobs data by pricing in a 25 per cent chance that the Reserve Bank will reduce the cash rate in February.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA

Under-employment up in December

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Original article by Roy Morgan
Market Research Update – Page: Online : 21-Jan-20

The latest data for the Roy Morgan employment series shows that 12,691,000 Australians were employed in December 2019, up 617,000 over the last year. The rise was driven by a significant increase in full-time employment of 367,000 over the last year (to 8,326,000); part-time employment increased by 250,000 (to 4,365,000). The figures also show that 1,205,000 Australians (8.7% of the workforce) were unemployed in December, down 97,000 on a year ago, and the unemployment rate was down 1%. An additional 1,383,000 Australians (9.9% of the workforce) were under-employed, working part-time and looking for more work, up 205,000 in a year (up 1.1%). In total, 2,588,000 Australians (18.6% of the workforce) were either unemployed or under-employed in December, up 108,000 on a year ago. Roy Morgan’s real unemployment figure of 8.7% is higher than the current ABS estimate for November of 5.2%. Roy Morgan CEO Michele Levine says we have seen consistently during recent years that strong growth in employment has not resulted in sustained drops in unemployment and under-employment. This trend continued throughout 2019.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Wages growth Labor’s priority

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Original article by Patrick Commins
The Australian – Page: 7 : 6-Dec-19

Shadow treasurer Jim Chalmers will urge the federal government to address issues such as low wages growth, underemployment and falling productivity in its mid-year economic outlook. He will tell a Chifley Research Centre conference that the economy is not working for ordinary Australians, while warning of the dangers associated with the rise of populism. Chalmers will also emphasise the need for Labor to reengage Australians in the ‘politics of progress’ in the wake of its election defeat in May.

CORPORATES
AUSTRALIAN LABOR PARTY, CHIFLEY RESEARCH CENTRE

Real unemployment & under-employment above 2.3 million

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Original article by Roy Morgan
Market Research Update – Page: Online : 14-Nov-19

The latest data for the Roy Morgan employment series shows that 12,714,000 Australians were employed in October 2019, up 520,000 over the past year. The rise in employment was driven by a significant increase in full-time employment of 695,000 over the last year (to 8,582,000); however, part-time employment has declined by 175,000 over the past year (to 4,132,000). The figures also show that 1,075,000 Australians (7.8% of the workforce) were unemployed in October, down 190,000 on a year ago, and the unemployment rate was down 1.6%. An additional 1,232,000 Australians (8.9% of the workforce) were under-employed, working part-time and looking for more work, a decrease of 10,000 in a year (down 0.3%). In total, 2,307,000 Australians (16.7% of the workforce) were either unemployed or under-employed in October, down 200,000 on a year ago. Roy Morgan’s real unemployment figure of 7.8% is higher than the current ABS estimate for September 2019 of 5.2%, although the gap between the two measures is the closest it has been since September 2015. Roy Morgan CEO Michele Levine says the best way to reduce the high level of labour under-utilisation, now stuck at over 2 million for over four years, is to provide a healthy and strong economy that encourages businesses to invest in growing their human capital by hiring new workers.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Rate cuts to go on despite jobless drop

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Original article by Michael Roddan
The Australian Financial Review – Page: 2 : 18-Oct-19

Official data shows that Australia’s unemployment rate fell from 5.3 per cent to 5.2 per cent in September, after the participation rate eased to 66.1 per cent. The economy added 14,700 jobs during the month, with a 26,200-strong increase in full-time jobs being offset by the loss of 11,400 part-time positions. Westpac economist Simon Murray expects the small fall in the jobless rate to be temporary, adding that it will give the Reserve Bank more time to assess the state of the economy before taking any further action on interest rates. The official underemployment rate is currently 8.3 per cent.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, WESTPAC BANKING CORPORATION – ASX WBC, RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF EMPLOYMENT, SKILLS, SMALL AND FAMILY BUSINESS

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

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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

Real unemployment at 9.2% in June as tax cuts set to boost economy

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Original article by Roy Morgan
Market Research Update – Page: Online : 5-Jul-19

The latest data for the Roy Morgan employment series shows that 12,363,000 Australians were employed in June 2019, up 118,000 over the past year. The rise in employment was driven by a significant increase in full-time employment of 479,000 over the last year (to 8,279,000); however, part-time employment has declined by 361,000 (to 4,084,000). The figures also show that 1,254,000 Australians (9.2% of the workforce) were unemployed in June, up 83,000 on a year ago, and the unemployment rate was up by 0.5%. An additional 1,275,000 Australians (9.4% of the workforce) were under-employed, working part-time and looking for more work, a decrease of 27,000 in a year (down 0.3%). In total, 2,529,000 Australians (18.6% of the workforce) were either unemployed or under-employed in June, an increase of 56,000 in a year (up 0.2%). Roy Morgan’s real unemployment figure of 9.2% for June is significantly higher than the current ABS estimate for May 2019 of 5.2%. Roy Morgan CEO Michele Levine says many commentators are expressing concern about the state of the Australian economy; however, with significant income tax cuts being legislated by the new Government and back-to-back interest rate cuts by the RBA in June and July, there is an increasing amount of stimulus in the Australian economy to support businesses and therefore increase employment opportunities.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Real unemployment at 10.3% as L-NP starts new term in Government

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Original article by Roy Morgan
Market Research Update – Page: Online : 6-Jun-19

The latest data for the Roy Morgan employment series shows that 11,926,000 Australians were employed in May 2019, down 219,0000 over the past year. The fall in employment was driven by a significant decrease in part-time employment of 375,000 over the past year (to 3,911,000); full-time employment was up by 156,000 (to 8,015,000). The figures also show that 1,369,000 Australians (10.3% of the workforce) were unemployed in May, up 53,000 on a year ago, and the unemployment rate was up by 0.5%. An additional 1,223,000 Australians (9.2% of the workforce) were under-employed, working part-time and looking for more work, a decrease of 28,000 in a year (down 0.1%). In total, 2,592,000 Australians (19.5% of the workforce) were either unemployed or under-employed in May, an increase of 25,000 in a year (up 0.4%). Roy Morgan’s real unemployment figure of 10.3% for May is significantly higher than the current ABS estimate for April 2019 of 5.2%. Roy Morgan CEO Michele Levine says the first priority for the re-elected Coalition government is to pass the promised income tax cuts as soon as Parliament resumes. Other legislative priorities should include tackling the ‘cash economy’ which undermines law-abiding businesses, reducing the penalty rates for businesses opening on weekends and public holidays, and cutting the regulatory ‘red tape’ that discourages businesses from hiring new workers.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS