News & Current Affairs
09 March 2014
Roy Morgan: In February in total an estimated 2.641 million Australians (20.8% of the workforce) were unemployed or under-employed, the highest ever recorded.
Unemployment jumps in February (up 1% to 12.3%); highest for 20 years since February 1994 (also 12.3%). Unemployment amongst 18-24yr olds rises to 28.0% (up 6.8%)
This Roy Morgan survey on Australia's unemployment and 'under-employed'* is based on weekly face-to-face interviews of 367,452 Australians aged 14 and over between January 2007 - February 2014 and includes 3,820 to-face interviews in February 2014.
In February 2014 an estimated 1.561 million Australians (12.3% of the workforce) were unemployed, the highest rate of unemployment for 20 years since February 1994 (12.3%). Roy Morgan February unemployment is up a large 121,000 (up 1%) from last month and up 201,000 (up 1.4%) compared to the same time last year.
The rise in unemployment in February was driven most strongly by a large rise in unemployment for 18-24yr olds (28.0%, up 6.8%), far higher than any other age group. Unemployment also rose for 25-34yr olds (12.4%, up 1.3%), 50-64yr olds (9.3%, up 0.1%) and those aged 65+ yrs old (5.2%, up 2.7%). However, unemployment fell slightly for 35-49yr olds (8.9%, down 0.5%).
The Australian workforce* was 12,665,000 (down 89,000) comprising 7,318,000 full-time workers (down 397,000); 3,786,000 part-time workers (up 187,000); and 1,561,000 looking for work (up 121,000) according to the Roy Morgan monthly employment estimates. The Roy Morgan employment and unemployment figures do not include people who have dropped out of the workforce and given up looking.
Among those who were employed 1,080,000 Australians (8.5% of the workforce*) were under-employed, i.e. working part-time and looking for more work. This is 25,000 less than a month ago (down 0.2%).
In February in total an estimated 2.641 million Australians (20.8% of the workforce) were unemployed or under-employed, the highest ever recorded. This is up 96,000 (up 0.8%) from January and much higher than 12 months ago in February 2013 (up 168,000, up 1% from 2.473 million).
The latest Roy Morgan unemployment estimate of 12.3% is more than double the figure currently quoted by the ABS for January 2014 (6%).
The Roy Morgan Unemployment estimate is obtained by surveying an Australia-wide cross section by face-to-face interviews. A person is classified as unemployed if they are looking for work, no matter when.
The results are not seasonally adjusted and provide an accurate measure of monthly unemployment estimates in Australia.
The Australian Bureau of Statistics Unemployment estimates are obtained by mostly telephone interviews. Households selected for the ABS Survey are interviewed each month for eight months, with one-eighth of the sample being replaced each month. The first interview is conducted face-to-face. Subsequent interviews are then conducted by telephone.
The ABS classifies a person as unemployed if, when surveyed, they have been actively looking for work in the four weeks up to the end of the reference week and if they were available for work in the reference week.
The Australian Bureau of Statistics Unemployment estimates are also seasonally adjusted.
For these reasons the Australian Bureau of Statistics Unemployment estimates are different from the Roy Morgan Unemployment estimate. Gary Morgan's concerns regarding the ABS Unemployment estimate is clearly outlined in his letter to the Australian Financial Review, which was not published.
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