UNEMPLOYMENT – AUSTRALIA

2.6m Australians unemployed or under-employed in December

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

A Roy Morgan survey shows that 1.312 million Australians were unemployed (9.8% of the workforce) in December 2017, an increase of 126,000 (up 0.6%) on a year ago. In addition, 1.288 million Australians (9.6% of the workforce) are now under-employed, working part-time and looking for more work, a rise of 188,000 in a year. The figures also show that 12,098,000 Australians were employed in December, an increase of 392,000 over the past year. The Roy Morgan real unemployment figures are substantially higher than the current ABS estimate of 5.4% for November. Roy Morgan CEO Michele Levine says more than 2 million Australians have been either unemployed or under-employed for 27 straight months stretching back to late 2015, and until the Government undertakes significant industrial relations reform to cut red tape, target the rorts of the "cash economy" and provide the proper incentives for employers to take on new employees, Australian wage growth will continue to lag expectations and historical averages.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA

2.394m Australians unemployed or under-employed in November

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Original article by Roy Morgan
Market Research Update – Page: Online : 8-Dec-17

A Roy Morgan survey shows that 1.288 million Australians were unemployed (9.8% of the workforce) in November 2017, an increase of 89,000 (up 0.6%) on a year ago. In addition, 1.106 million Australians (8.4% of the workforce) were under-employed, working part-time and looking for more work, a rise of 6,000 in a year. In total, 2.394 million Australians were unemployed or under-employed in November. The figures also show that 11,886,000 Australians were employed in November – an increase of 39,000 over the past year. The Roy Morgan real unemployment figures are substantially higher than the current ABS estimate of 5.4% for October. Roy Morgan executive chairman Gary Morgan says it has now been more than two years, or 26 straight months, that more than two million Australians have been unemployed or under-employed. It is this "slack" in the Australian labour market that is responsible for the low wage growth mentioned by the RBA this week in their Statement explaining their decision to leave interest rates unchanged at 1.5%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA

Governments, Treasury officials and RBA forecasters all work in sheltered workshops

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Original article by P.D Jonson
The Australian Financial Review – Page: 34 : 29-Nov-17

In developed nations, governments have opted for definitions of unemployment that make things look better than they really are. For over a decade, Roy Morgan (and myself) have been pointing this out. The latest Roy Morgan survey shows 2.3 million Australians unemployed or underemployed. In percentages of the workforce, this is 9.5 per cent unemployed and 8.5 per cent under-employed, well above the official 5.4 per cent unemployment figure. Hardly shooting the lights out. One might be tempted to imagine that governments, Treasury officials and RBA forecasters all work in sheltered workshops and are the last to accept messages that run against their workshop’s findings. Indeed, their proven blindness has larger consequences. Click for PDF version.

CORPORATES
ROY MORGAN RESEARCH LIMITED, RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY

2.334 million Australians now unemployed or under-employed

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Original article by
Market Research Update – Page: Online : 6-Nov-17

A Roy Morgan survey has found that 1.226 million Australians were unemployed in October, an increase of 38,000 over the same time in 2016. A further 1.108 million Australians were under-employed, down 138,000 on the same time in 2016. The number of Australians in employment in October totalled 11,767,000, an increase of 104,000 over the past year, with the increase largely due to a rise in full-time jobs. Roy Morgan Research executive chairman Gary Morgan says employment growth has eased in the second half of 2017, while he notes the end of car manufacturing in Australia in October will have a flow-on effect to several automotive parts manufacturers and suppliers.

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ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS

250,000 find work in jobs surge

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Original article by David Uren
The Australian – Page: 2 : 15-Sep-17

Australia’s unemployment rate was steady at 5.6 per cent in August 2017, with the economy adding 54,000 jobs during the month. The latest labour force data also shows that 250,000 jobs have been created nationwide over the last six months, including 94,600 in Queensland and 82,800 in New South Wales. Meanwhile, the labour market participation rate has risen to a record 77.6 per cent, while the proportion of people with a job or actively looking for work has reached a five-year high of 65.3 per cent.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, COMMONWEALTH SECURITIES LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, HSBC AUSTRALIA HOLDINGS PTY LTD, UBS HOLDINGS PTY LTD, JP MORGAN AUSTRALIA LIMITED

Australia’s real unemployment is up to 10.2% in August

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 8-Sep-17

A Roy Morgan survey shows that 1.324 million Australians were unemployed (10.2% of the workforce) in August 2017. This is similar to a year ago (down 8,000, or 0.2%). However, more Australians are now under-employed than this time last year; 1.241 million (9.5%) Australians are looking for work or looking for more work), up a significant 324,000 (2.4%) in a year. In total, 2.565 million (19.7%) Australians were unemployed or under-employed in August – the 23rd straight month more than 2 million Australians were looking for work or looking for more work. The figures also show that 11,685,000 Australians were employed in August – an increase of 162,000 over the past year (an average of 13,500 jobs added per month). The Roy Morgan real unemployment figures are substantially higher than the current ABS estimate for July (5.6%). Roy Morgan Research executive chairman Gary Morgan says the large increase in part-time jobs over the last year (up 535,000 or about 45,000 per month) obscures the loss of full-time jobs (down 373,000, just over 30,000 per month).

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Mining-state revival drives ‘best job growth in 40 years’

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Original article by David Uren
The Australian – Page: 2 : 18-Aug-17

Data from the Australian Bureau of Statistics shows that 202,000 jobs have been created so far in 2017, including 153,000 full-time jobs. Some 27,900 jobs were created during July, with the official unemployment rate easing to 5.6 per cent and the labour force participation rate rising to a new high of 77.4 per cent. The major mining states of Western Australia and Queensland have recorded jobs growth of 35,400 and 70,900 respectively in the year to date. Meanwhile, the average full-time wage has risen to $A80,250, according to separate data from the ABS.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF THE TREASURY, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, SEEK LIMITED – ASX SEK

Lowe may sit on rates two years into his term

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Original article by Vesna Poljak
The Australian Financial Review – Page: 21 : 14-Aug-17

Economists polled by Bloomberg expect Australia’s official unemployment rate to have remained at 5.6 per cent in July 2017, with about 20,000 jobs created during the month. The latest jobs and wage price index data are among the key indicators to be released in the week beginning 14 August. Meanwhile, Vimal Gor of BT Investment Management expects official interest rates to remain on hold in 2018, citing factors such as low wages growth and the growing gap between business and consumer confidence.

CORPORATES
BT INVESTMENT MANAGEMENT LIMITED – ASX BTT, RESERVE BANK OF AUSTRALIA

Australia’s real unemployment is 9.4% in July; down 1.1% from a year ago

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 7-Aug-17

A Roy Morgan survey shows that 11,854,000 Australians were employed in July 2017, a substantial increase of 212,000 over the past year (with just under 20,000 jobs added per month). A total of 1.236 million Australians were unemployed in July (9.4% of the workforce). This is down 129,000 (1.1%) from a year ago. An additional 1.226 million Australians (9.4%) were under-employed (looking for work or looking for more work), which is up 55,000 (0.4%). A total of 2.462 million Australians (or 18.8%) were unemployed or under-employed in July. The Roy Morgan real unemployment figures are substantially higher than the current ABS estimate for June 2017 (5.6%). Roy Morgan Research executive chairman Gary Morgan says that finding work for the 2.462 million Australians who are unemployed or under-employed is the Government’s largest challenge, despite what the media may talk about on a continual basis. This large cohort of Australians looking for new employment opportunities will ultimately judge the Government’s success or otherwise based on whether an improving economy is generating sufficient jobs.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS

It’s official: June employment is at a record high of 12,330,000

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 10-Jul-17

A Roy Morgan survey on unemployment and under-employment shows that the total Australian workforce was a record 13,530,000 in June 2017 (up 540,000 in 12 months) and employment grew to a record 12,330,000 (up a large 587,000). The number of Australians who were unemployed and looking for work was 1,200,000 (down 47,000), while 1.445 million were under-employed (10.7% of the workforce). A total of 2.645 million Australians (19.6% of the workforce) were looking for work or looking for more work. Australia’s real unemployment for June was 8.9%, compared with the official Australian Bureau of Statistics figure of 5.5% for May. Roy Morgan Research executive chairman Gary Morgan says June was the 21st straight month more than two million Australians have been looking for work or looking for more work and is a concern ahead of the imminent closure of the Australian automotive manufacturing industry in three months.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS