Roy Morgan unemployment up in July amid lockdowns

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Roy Morgan Research has released its unemployment estimates for July, with the nation’s unemployment rate rising 0.3% to 9.7% following a 28,000 increase in the number of people unemployed. The nation’s underemployment rate also rose 0.6% to 9.1%:

Roy morgan unemployment

Unemployment and underemployment higher in July amid lockdowns.

According to Roy Morgan:

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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.