Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Tuesday, 4 August 2015

Real unemployment falls for 5th month

One of the benefits of slower population could be that we see the unemployment rate decline.

We have already seen the unemployment rate on the ABS Labour Force decline to 6.0 per cent from 6.3 per cent as I looked at here.

Roy Morgan Research released its real unemployment estimates yesterday which showed real unemployment declining for a 5th consecutive month to 8.7 per cent, down from 9.3 per cent in May.

The release showed 11,576,000 Australians are now employed, up by a large +474,000 since July 2014 to a new high.

Yesterday's report also showed a record 7,900,000 Australians are now employed full time, up by some +547,000 since July 2014.

The number of Australians looking for work fell by 168,000 or 1.5 per cent over the year to July 2015.

An improving set of numbers.

It will be interesting to see to what extent these findings are mirrored by the ABS Labour Force figures which are due to be released on Thursday this week.

Read the rest of the Roy Morgan report here