Roy Morgan unemployment jumps

Thursday, 5 March 2015

Roy Morgan Research (RMR) has released its unemployment estimate for the month of February, which registered a 1.2% lift in the unemployment rate to 11.0% from 9.8% in January. However, unemployment was down 1.3% over the year (see next chart).

The jump in unemployment in February was mostly seasonal, according to Gary Morgan:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.