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Showing 11 - 20 of 50 results for "Underemployment"

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 ...

Chief economist update: Aussie employment rises... but so does our unemployment rate

BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
... previous month - a move further away from the 4.5% rate the RBA considers as full employment. In addition, the underemployment rate increased to 8.6% from 8.1% in December, suggesting that the flat wages growth seen in the December 2019 quarter would ...

Chief economist update: How low will Lowe go?

BENJAMIN ONG  |  FRIDAY, 15 NOV 2019
... continued weakness in job creation. This is supported by the trend estimates in jobs growth......and continued high underemployment rate which, would maintain pressure on wages growth. Low wages growth equals less consumer spending equals less business ...

Chief economist update: This is a job for the RBA (and the Treasury)

BENJAMIN ONG  |  FRIDAY, 20 SEP 2019
... about asking for a pay rise. More so, because the number of already employed workers wanting more hours - the underemployment rate - has increased to 8.6% in August from 8.4% in the previous month. Its negative correlation with wages growth suggest continued ...