State of Play Australia 2018: 11 per cent of the workforce is unemployed and 8 per cent underemployed

Roy Morgan, media release excerpt, 13  September 2018:

Australian employment has grown solidly over the past year however the faster rate of overall growth in the Australian workforce due to more Australians looking for work means unemployment has increased to a two-year high of 11% in August.

The latest data for the Roy Morgan employment series for August shows:

* 11,940,000 Australians were employed in August, up 255,000 over the past year;

* The workforce which comprises employed and unemployed Australians is now 13,416,000, up 407,000 on a year ago;

* 1,476,000 Australians were unemployed (11% of the workforce); an increase of 152,000 (up 0.8%) on a year ago and the highest level of unemployment for over two years since March 2016;

* In addition 1,071,000 Australians (8.0% of the workforce) are now under-employed, working part-time and looking for more work, a fall of 170,000 in a year (down 1.5%);

* The increase in employment was driven by an increase in full-time employment which was up 323,000 to 7,761,000, while part-time employment fell 68,000 to 4,179,000;

* Roy Morgan’s real unemployment figure of 11% for August is more than twice as high as the current ABS estimate for July 2018 of 5.3%.

Source: Roy Morgan Single Source October 2005 – August 2018. Average monthly interviews 4,000.

Full media release can be found here.