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Showing 1 - 10 of 28 results for "underemployment rate"

CBA posts strong result, dividend

ELIZABETH MCARTHUR  |  WEDNESDAY, 9 FEB 2022
... in 2022 despite early challenges from the Omicron strain of COVID-19. Both the unemployment rate and the underemployment rate are at the lowest since 2008, with high participation rates," chief executive Matt Comyn said. "Australian households have accumulated ...

Chief economist update: Australians all let us rejoice

BENJAMIN ONG  |  FRIDAY, 16 APR 2021
... and lockdowns. Employment to population ratio increased to 62.6% - back to where it was in February 2020. Underemployment rate decreased to 7.9% - below pre-pandemic levels. Monthly hours worked increased by 38 million hours to a record 1,800 million ...

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
... 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 part-time ...

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
... 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 be the lowest ...

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

BENJAMIN ONG  |  FRIDAY, 17 JUL 2020
... 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 lessened ...

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 ...

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 ...
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