Australia's Real Unemployment Jumps to 11.7% as 128,000 Jobs Vanish in June
Updated
Updated · roymorgan.com · Jul 13
Australia's Real Unemployment Jumps to 11.7% as 128,000 Jobs Vanish in June
2 articles · Updated · roymorgan.com · Jul 13
Summary
1.86 million Australians were unemployed in June, up 156,000 from May, lifting Roy Morgan’s “real” unemployment rate by 1 percentage point to 11.7%.
128,000 jobs were lost overall, with part-time employment plunging 279,000 to 4.96 million even as full-time employment rose 151,000 to 9.07 million.
15.9 million people were in the workforce, up 28,000, but that increase was driven by more people looking for work — including 93,000 more seeking full-time jobs and 63,000 more seeking part-time jobs.
3.35 million Australians were either unemployed or under-employed in June, or 21.1% of the workforce, extending labour under-utilisation above 3 million for a 19th straight month.