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Roy Morgan with the news.
Overall Australian unemployment and under-employment at 3.4 million in March; ‘Real Unemployment’ at 1.69 million
In March 2026, Australian ‘real’ unemployment dropped 28,000 to 1,693,000 (10.5% of the workforce, down 0.1%), and under-employment dropped 205,000 to 1,687,000 (down 1.2% to 10.4%).
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.