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The latest Roy Morgan Research (RMR) unemployment estimate for August was steady ay 8.7%, but was down by 0.7% year-on-year:
Underemployment has also fallen by 1.4% over the past year to 7.0%, with labour underutilisation tracking at 15.7% (down from 2.1% from a year ago):
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Below are the key points from the release:
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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.