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Showing 11 - 20 of 53 results for "Underemployment"

Chief economist update: A wonderful set of numbers

BENJAMIN ONG  |  FRIDAY, 20 NOV 2020
... previous month - indicating workers' confidence over their job prospects. But wait, there's more! The underemployment rate dropped by one percentage point to 10.4% in October from 11.4% in the previous month. The labour underutilisation rate ...

Chief economist update: Australian wages slow but still grow

BENJAMIN ONG  |  THURSDAY, 19 NOV 2020
... government's Jobkeeper scheme has short-circuited the lagged negative correlation between wages growth and the underemployment rate. We would have seen negative wages growth otherwise. Continued, albeit slowing growth in wages means that consumers ...

Chief economist update: Lowe taking interest rates lower

BENJAMIN ONG  |  FRIDAY, 16 OCT 2020
... that the country's unemployment rate increased to 6.9% in September from 6.8% in the previous month and the underemployment rate ticked up to 11.4% from 11.3% over the same period. Likewise, a total of 29,500 workers - 20,100 full-time and 9,400 ...

Chief economist update: As luck would have it

BENJAMIN ONG  |  FRIDAY, 18 SEP 2020
... decreasing by 86,500 people; - the unemployment rate decreasing by 0.7 percentage points (pts) to 6.8%; - the underemployment rate remaining at 11.2%; - the underutilisation rate decreasing by 0.7 pts to 18.0%; - the participation rate increasing 0.1 ...

Chief economist update: The wages of COVID-19

BENJAMIN ONG  |  THURSDAY, 13 AUG 2020
... JobKeeper has also helped. This is because without it, the lagged negative correlation between wages growth and the underemployment rate indicate that we would have seen a 1.8% drop in wages by this time instead. That's not all. Wages growth might ...

Chief economist update: Stop right now, thank you very much

BENJAMIN ONG  |  FRIDAY, 17 JUL 2020
... between May and June, which was around a third (35%) of the 186 million decrease between March and May." Even the underemployment rate has improved big-time - down to 11.7% in June from 13.1% in May. These much-improved labour market stats would have ...

Chief economist update: Pay cut or pay not?

BENJAMIN ONG  |  FRIDAY, 15 MAY 2020
... direction but there are still domestic challenges ahead. One such challenge is the lead from the surge in the underemployment rate to a record high 13.7% in April. Its lead and negative correlation with wages - up 2.1% in the year to the March 2020 quarter ...

Unemployment already over 15%: Roy Morgan

KANIKA SOOD  |  MONDAY, 4 MAY 2020
... workforce (1.32 million people) were underemployed in April. The good news is April's total 24.7% unemployment and underemployment recorded by Roy Morgan is an improvement the 27.4% it recorded in last two weeks of March, before the Federal Government ...

Economic impact worst since WWII: Research

HARRISON WORLEY  |  THURSDAY, 9 APR 2020
... customer focused industries such as hospitality and retail have shut down in many instances, causing unemployment and underemployment to rise from 2.16 million or 15.6% of the workforce, to 3.92 million, representing 27.4% of the workforce. All told ...

Business unusual: COVID-19 threats facing real estate

ALLY SELBY  |  THURSDAY, 2 APR 2020
... reductions will be, if these projections are correct, they will be highly likely across Australia as unemployment and underemployment materially increase," he said. "And this is the first problem for the majority of people when they buy an investment ...