Roy Morgan underemployment surges

Tuesday, 21 January 2020

The latest Roy Morgan Research (RMR) unemployment estimate for December softened, rising by 0.6% over the month to 8.7%:

However, over the year, unemployment fell by 1.0%.

Underemployment surged by 1.9% over the month and by 1.1% over the year, with labour underutilisation tracking at 18.6% (up from 0.1% from a year ago):

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

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.