Unemployment in December is 9.7% and under-employment is 8.8%

Original article by Roy Morgan
Market Research Update – Page: Online : 21-Jan-19

Australian unemployment of 9.7% (down 0.1%) and under-employment of 8.8% (down 0.8%), are both down on a year ago, driving a 0.9% fall in overall labour under-utilisation to 18.5% (2.5 million). This is according to the latest employment data from Roy Morgan, which shows that the workforce, which comprises employed Australians and those who are unemployed and looking for work, is now 13,376,000, down 34,000 on a year ago. The decrease in employment was driven by a drop in part-time employment of 89,000 to 4,115,000. An increase in full-time employment of 65,000 to 7,959,000 wasn’t enough to offset this drop. Roy Morgan’s real unemployment figure of 9.7% for December is significantly higher than the current Australian Bureau of Statistics estimate for November 2018 of 5.1%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Unemployment in November is 9.5% and under-employment is 7.7%

Original article by Roy Morgan
Market Research Update – Page: Online : 7-Dec-18

A Roy Morgan survey shows that 12,294,000 Australians were employed in November 2018, up 408,000 over the past year. The increase in employment was evenly shared, with part-time employment rising by 217,000 to 4,184,000 and full-time employment rising by 191,000 to 8,110,000. The figures also show that 1,291,000 Australians (9.5% of the workforce) were unemployed in November, virtually unchanged on a year ago but with the unemployment rate down by 0.3% due to growth in the workforce. In addition, 1,042,000 Australians (7.7% of the workforce) were under-employed, working part-time and looking for more work, a decrease of 64,000 in a year (down 0.7%). This is the lowest level of under-employment since September 2016. In total 2,333,000 Australians (17.2% of the workforce) were either unemployed or under-employed in November, a decrease of 61,000 in a year (down 1%). Roy Morgan’s real unemployment figure of 9.5% for November remains substantially higher than the current ABS estimate for October of 5.0%. Roy Morgan CEO Michele Levine says the strong growth in employment appears to be directly related to the growth in the overall Australian workforce, with the level of unemployment virtually unchanged from a year ago.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Unemployment unchanged at 9.4% in October

Original article by Roy Morgan
Market Research Update – Page: Online : 12-Nov-18

A Roy Morgan survey shows that 12,194,000 Australians were employed in October 2018, up 427,000 over the past year. The increase was driven by equivalent increases in full-time employment (which was up 173,000 to 7,887,000) and part-time employment (up 254,000 to 4,307,000). The figures also show that 1,265,000 Australians (9.4% of the workforce) were unemployed in October, an increase of 39,000 on a year ago. In addition, 1,242,000 Australians (9.2% of the workforce) were under-employed, working part-time and looking for more work, an increase of 134,000 in a year (up 0.7%). In total 2,507,000 Australians (18.6% of the workforce) were either unemployed or under-employed in October, an increase of 173,000 in a year (up 0.6%). Roy Morgan’s real unemployment figure of 9.4% for October remains substantially higher than the current ABS estimate for September of 5.0%. Roy Morgan CEO Michele Levine says the persistent high level of under-employment – which is up more than 130,000 from 1.1 million a year ago – is likely to emerge as a key election issue over the next few months.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Unemployment down to 9.4% in September off two-year high

Original article by Roy Morgan
Market Research Update – Page: Online : 8-Oct-18

A Roy Morgan survey shows that 12,164,000 Australians were employed in September, up 192,000 over the past year. The increase was driven by equivalent increases in full-time employment (which was up 97,000 to 7,694,000) and part-time employment (up 95,000 to a record 4,470,000). The figures also show that 1,256,000 Australians (9.4% of the workforce) were unemployed in September, an increase of 54,000 on a year ago (up 0.3%). In addition, 1,127,000 Australians (8.4% of the workforce) were under-employed, working part-time and looking for more work, a fall of 169,000 in a year (down 1.4%). In total 2,383,000 Australians (17.8% of the workforce) were either unemployed or under-employed in September, a fall of 115,000 in a year (down 1.1%). Roy Morgan’s real unemployment figure of 9.4% for September remains substantially higher than the current ABS estimate for August of 5.3%. Roy Morgan CEO Michele Levine says total unemployment and under-employment in Australia has now exceeded 2 million for three straight years. As we have noted previously, the persistent high level of unemployment and under-employment is not because jobs aren’t being created, but because the workforce continues to grow at a faster rate than the growth in employment.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Unemployment at 10% in July highest in nearly a year

Original article by Roy Morgan
Market Research Update – Page: Online : 13-Aug-18

A Roy Morgan survey shows that 12,021,000 Australians were employed in July, up 167,000 over the past year. The increase was driven by growth in both full-time employment (which was up 66,000 to 7,765,000) and an even stronger increase in part-time employment (up 101,000 to 4,256,000). The figures also show that 1,329,000 Australians were unemployed (10% of the workforce) in July, an increase of 93,000 (up 0.6%) on a year ago. In addition, 1,148,000 Australians (8.6% of the workforce) are now under-employed, working part-time and looking for more work, a fall of 78,000 in a year (down 0.8%). Roy Morgan’s real unemployment figure of 10% for July remains substantially higher than the current ABS estimate for June 2018 of 5.4%. Roy Morgan CEO Michele Levine says the increasing casualisation of the Australian workforce has strengthened in recent years with the rise of the so-called "gig" economy, but Foodora’s impeding exit from the Australian market shows that there are limits to this type of employment model when regulatory and competition considerations are taken into account. Foodora’s exit also signifies how important it is for governments to create sensible industrial relations laws that encourage employers to take on new workers rather than penalise employers looking to grow their business.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Unemployment drops to 8.7% in June, lowest since 2016

Original article by Roy Morgan
Market Research Update – Page: Online : 9-Jul-18

A Roy Morgan survey shows that 12,245,000 Australians were employed in June 2018, down 85,000 over the last year. The fall was driven by a drop in full-time employment, which was down 300,000 to 7,800,000; part-time employment increased by 215,000 to 4,445,000. The figures also show that 1,171,000 Australians were unemployed (8.7% of the workforce) in June, a decrease of 29,000 (down 0.2%) on a year ago. In addition, 1,302,000 Australians (9.7% of the workforce) are now under-employed, working part-time and looking for more work, a fall of 143,000 in a year (down 1%). Roy Morgan’s real unemployment figure of 8.7% for June remains substantially higher than the current ABS estimate for May of 5.4%. Roy Morgan CEO Michele Levine says that over 2.4 million Australians looking for work or looking for more work in June explains why wage growth remains at record lows. Improving wage growth and the performance of the Australian economy is as simple as designing policies that engage these under-utilised workers and encourage employers to offer more jobs, and more hours, to Australians who want more work.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. FAIR WORK COMMISSION

Jobless rate supertanker heads lower

Original article by Jacob Greber
The Australian Financial Review – Page: 4 : 15-Jun-18

Data from the Australian Bureau of Statistics shows that 12,000 jobs were created in May, although economists had forecast that the economy added 19,000 jobs. An additional 32,600 part-time jobs partially offset the loss of 20,600 full-time positions. The official unemployment rate fell by 0.2 per cent to 5.4 per cent, which is its lowest level since November 2012. Meanwhile, the underemployment rate rose by 0.1 per cent to 8.5 per cent and the proportion of people who are employed but looking for more work was steady at 13.9 per cent.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, IFM INVESTORS PTY LTD, CAPITAL ECONOMICS LIMITED, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, RESERVE BANK OF AUSTRALIA

Australian employment up by over 350,000 in a year

Original article by Roy Morgan
Market Research Update – Page: Online : 4-Jun-18

A Roy Morgan survey shows that 12,415,000 Australians were employed in May 2018, an increase of 355,000 over the last year. The increase was driven by full-time employment, which rose 307,000 to 7,859,000; part-time employment was up 48,000 to 4,286,000. The figures also show that 1,316,000 million Australians were unemployed (9.8% of the workforce) in May, an increase of 32,000 (unchanged in percentage terms) on a year ago. In addition, 1,251,000 Australians (9.3% of the workforce) are now under-employed, working part-time and looking for more work, a fall of 87,000 in a year (down 0.9%). Roy Morgan’s real unemployment figure of 9.8% for May is substantially higher than the current ABS estimate for April of 5.6%. Roy Morgan CEO Michele Levine says the Fair Work Commission’s decision to raise the minimum wage by 3.5% to almost $720 per week was based on the misleading ABS unemployment figure that under-states the "true" level of unemployment and under-employment in Australia. In future the FWC needs to consider the more accurate Roy Morgan employment figures that consistently records that there are more than 2.5 million Australians looking for work or looking for more work.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. FAIR WORK COMMISSION

Most lack full-time jobs with benefits

Original article by Ewin Hannan
The Australian – Page: 3 : 29-May-18

Analysis of official data by the Centre for Future Work shows that just 49.97 per cent of full-time workers in Australia had paid leave entitlements in 2017, compared with 51.35 per cent in 2012. The proportion of part-time jobs across the economy has in turn risen from 29.7 per cent to a record 31.7 per cent. Meanwhile, the number of workers who are underemployed has risen from 7.6 per cent to 9.1 per cent over the last five years. The data also shows that 12.4 per cent of employees in the private sector are now covered by enterprise agreements, down from 18.9 per cent in 2012. However, the proportion of workers covered by industry awards has risen from 16.6 per cent to 23.6 per cent.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, THE AUSTRALIA INSTITUTE LIMITED. CENTRE FOR FUTURE WORK, AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Part-time employment hits record high and 1.35m now under-employed

Original article by Roy Morgan
Market Research Update – Page: Online : 7-May-18

A Roy Morgan survey shows that 11,962,000 Australians were employed in April 2018 – an increase of 46,000 over the last year. The increase was driven by part-time employment, which rose 154,000 to a record 4,454,000; full-time employment was down 108,000 to 7,508,000. The figures also show that 1,196,000 million Australians were unemployed (9.1% of the workforce) in April, a decrease of 88,000 (down 0.7%) on a year ago. In addition, 1,349,000 Australians (10.2% of the workforce) are now under-employed, working part-time and looking for more work, a rise of 259,000 in a year (up 1.9%). Roy Morgan’s real unemployment figure of 9.1% for April is substantially higher than the current ABS estimate for March of 5.5%. Roy Morgan CEO Michele Levine says the continuing strength in part-time employment is causing under-employment levels to spike from already high levels, and it is imperative that the May 2018 Federal Budget seriously considers the continuing high levels of unemployment and under-employment.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS