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Roy Morgan has released its unemployment estimate for September, with the unemployment rate falling 1.1% to 8.1% on the back of an increase in jobs.
However, the underemployment rate rose by 1.6% to 10.5%, with underutilisation (unemployment plus underemployment) rising 0.5% to 18.6%:
Unemployment down, underemployment up.
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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.
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