Australian Economy

Roy Morgan unemployment falls in July

Leith van Onselen
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By Leith van Onselen

Roy Morgan Research (RMR) last night released its unemployment estimate for the month of July, which registered a fall in the unemployment rate to 10.2% from 10.6% in June (see next chart).

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Under-employment has fallen to 8.7%, with a total estimated 2.344 million Australians (18.9% of the workforce) were either unemployed or under-employed.

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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.