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Roy Morgan Research has released its labour force estimates for March 2021, which reports that the number of Australians employed (12.75 million) has returned to its pre-COVID level in early March 2020.
Australia’s unemployment rate also fell to 11.4%, which was the lowest level since early March 2020. Whereas underemployment (7.6%) in March 2021 was the lowest since 2019:
Roy Morgan unemployment fell to its lowest level since the COVID-19 pandemic began.
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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.