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According to Roy Morgan, Australia’s ‘real unemployment’ increased 1.9% in June to 10.3%, reversing a sequence of recent declines.
This is the highest level of ‘real unemployment’ since January.
In contrast, underemployment fell 0.5% to 9.3% in June, with fewer people working part-time.
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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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