Roy Morgan unemployment 8.3% in February

Thursday, 12 March 2020

The latest Roy Morgan Research (RMR) unemployment estimate for February registered a big fall in unemployment from 9.7% to 8.3%:

Over the year, unemployment fell by 1.3%.

However, underemployment rose by 0.3% over the month (to 9.0%) and by 0.4% over the year, with labour underutilisation tracking at 17.3% (down from 0.9% 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.