Business News
Australian unemployment drops to 8.1% in September as employment soars to a record high above 13.7 million

Australian unemployment drops to 8.1% in September as employment soars to a record high above 13.7 million
In September unemployment dropped 1.1% points to 8.1%, according to the latest Roy Morgan employment series data. The fall in unemployment was due to a significant increase in employment as both full-time and part-time employment increased.
Unemployment in September decreased 161,000 to 1.2 million Australians (8.1% of the workforce) although under-employment was up 233,000 to 1.56 million (10.5% of the workforce). Overall unemployment and under-employment increased 72,000 to 2.76 million (18.6% of the workforce).
- The workforce was up 57,000 in September driven by increasing employment:
The workforce in September was at a record high of 14,907,000 (up 57,000 from August) – comprised of a new record high 13,705,000 employed Australians (up 218,000) and 1,202,000 unemployed Australians looking for work (down 161,000).
- Employment up in September driven by increasing full-time and part-time employment:
Australian employment increased 218,000 to a new record high of 13,705,000 in September. The increase was driven by a rise in full-time employment, up 197,000 to 8,881,000, and an increase in part-time employment, up 21,000 to a new record high of 4,824,000.
- Unemployment plunges in September as over 200,000 people find new jobs:
1,202,000 Australians were unemployed (8.1% of the workforce) in September, a decline of 161,000 from August with fewer people looking for full-time work, down 57,000 to 535,000, and also fewer people looking for part-time work, down 104,000 to 667,000.
- Under-employment increased in September to a record high of 1.56 million:
In addition to the unemployed, 1.56 million Australians (10.5% of the workforce) were under-employed – working part-time but looking for more work, up by 233,000 from August.
In total 2.76 million Australians (18.6% of the workforce) were either unemployed or under-employed in September, up 72,000 on August.
Compared to early March 2020, before the nation-wide lockdown, in September 2022 there were more than 600,000 more Australians either unemployed or under-employed (+3% points) even though overall employment (13,487,000) is over 830,000 higher than it was pre-COVID-19 (12,872,000).
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