Advertisement
The latest Roy Morgan Research (RMR) unemployment estimate for July fell 0.5% to 8.7%, and was up 1.3% year-on-year:
However, underemployment has risen by 1.0% over the past year to 9.6%, with labour underutilisation tracking at 18.3% (unchanged from a year ago):
Advertisement
Below are the key points from the release:
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.