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Showing 1 - 10 of 32 results for "underemployment rate"

Jobs data surprises on the upside, rate hike on the cards

RIDDHIMA TALWANI  |  FRIDAY, 24 JUL 2026
... and enough to, in a trend sense, keep the unemployment rate steady," Bloxham said. However, he noted the underemployment rate and the youth unemployment rate both increased in the month, indicating jobs remain on a loosening pathway. "We expect that ...

RBA gives bleak economic outlook

ELIZA BAVIN  |  TUESDAY, 10 FEB 2026
... the unemployment rate is forecast to rise gradually, reflecting the slowing in GDP growth over 2026. The underemployment rate is also expected to edge a little higher." This comes after Treasurer Jim Chalmers was forced to defend his government's spending ...

Unemployment drops below 4%

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
... in hours worked in November, hours grew over the year in line with employment and population growth." The underemployment rate fell 0.1 percentage point to 6.1% in November 2024. This is 0.6 percentage points lower than November 2023, and 2.6 percentage ...

Hopes of RBA cut 'in tatters' after jobs data

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... pre-pandemic average growth rate. Hours worked grew 0.2%, slightly slower than the growth in employment. The underemployment rate remained at 6.4%. With the unemployment rate steady at 4.1%, the resulting underutilisation rate also stayed at 10.5%. "The ...

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 ...
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