Roy Morgan: Record immigration driving up unemployment

Roy Morgan has released its unemployment estimates for February, with the unemployment rate falling 0.7% over the month to 9.4%, and the underemployment rate falling 0.3% to 9.1%:

The fall in both unemployment and underemployment were due to 57,000 new jobs created in the month with both full-time and part-time work increasing for the second straight month.

Full-time employment rose 41,000 to a new record high of 8,990,000 while part-time employment also increased, up 16,000 to 4,584,000.

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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.