Roy Morgan unemployment tumbles on lower participation

Tuesday 2 September 2014

Roy Morgan Research (RMR) last night released its unemployment estimate for the month of August, which registered a massive fall in the unemployment rate to 8.7% from 10.2% in July (see next chart).

The fall in the unemployment rate was caused primarily by a large contraction in the labour force participation rate, although there was also a small lift in the number of jobs. According to 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.