Roy Morgan unemployment falls, underemployment lifts

Tuesday 13 August 2019

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):

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.