Roy Morgan unemployment 8.1% in November

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The latest Roy Morgan Research (RMR) unemployment estimate for November softened, rising by 0.3% over the month to 8.1%:

Over the year, unemployment fell by 1.4%.

Underemployment has risen by 0.3% over the past year to 8.0%, with labour underutilisation tracking at 16.1% (down from 1.1% from a year ago):

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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.