Earlier this week, Roy Morgan Research released its shadow labour force report, which posted a large 0.8% jump in unemployment in August to 11.1%. Roy Morgan’s unemployment measure was also up a hefty 2.0% year-on-year:
Roy Morgan effectively counts someone as unemployed if they want a job but are unable to get one. Therefore, it is a broader definition than the ABS’ stricter unemployment measure, which explains why Roy Morgan’s unemployment rate is always higher.
Roy Morgan’s measure of total labor underutilisation—i.e., unemployment and underemployment combined—also rose by 0.8% in August to 22.0% and was 3.4% higher over the year:
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