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Australian unemployment drops to 7.8% in June – equal lowest since the pandemic began

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Australian unemployment drops to 7.8% in June – equal lowest since the pandemic began

In June unemployment dropped for a second straight month, down 0.3% points to 7.8%, according to the latest Roy Morgan employment series data. The drop in unemployment was driven by increasing full-time jobs which boosted the overall number of employed Australians.

Unemployment in June fell 44,000 to 1.13 million Australians (7.8% of the workforce) while under-employment was down slightly by 13,000 to 1.23 million (8.5% of the workforce). Overall unemployment and under-employment fell 57,000 to 2.35 million (16.3% of the workforce).

  • The workforce was up 78,000 in June driven by increasing employment:

The workforce in June was 14,491,000 (up 78,000 from May) – comprised of 13,366,000 employed Australians (up 122,000) and 1,125,000 unemployed Australians looking for work (down 44,000).

  • Rise in employment driven by increase in full-time employment:

Australian employment increased by 122,000 to 13,366,000 in June driven by an increase in full-time employment, up 363,000 to 8,876,000. This represents a new all-time high for full-time employment during the first full month of the new Albanese Government. In contrast, part-time employment fell by 241,000 to 4,490,000 in June, falling back near to its level in April prior to the spike caused by the Federal Election during May.

  • The strong rise in full-time employment led to the decline in unemployment in June:

1,125,000 Australians were unemployed (7.8% of the workforce), a decrease of 44,000 from May with fewer people looking for full-time work, down 68,000 to 409,000, while in contrast there was a small rise in those looking for part-time work, up 24,000 to 716,000.

  • Under-employment was virtually unchanged down slightly in June at 1.23 million:

In addition to the unemployed, 1.23 million Australians (8.5% of the workforce) were under-employed – working part-time but looking for more work, down just 13,000 from May.

In total 2.35 million Australians (16.3% of the workforce) were either unemployed or under-employed in June, down 57,000 on May.

 

Compared to early March 2020, before the nation-wide lockdown, in June 2022 there were almost 200,000 more Australians either unemployed or under-employed (+0.7% points) even though overall employment (13,366,000) is almost 500,000 higher than it was pre-COVID-19 (12,872,000).

Roy Morgan’s unemployment figure of 7.8% for June is double the ABS estimate for May 2022 of 3.9%. However, the ABS figure for May show there were 780,500 workers who worked fewer hours than usual due to illness, personal injury or sick leave compared to an average of 407,540 for the month of May over the five years from May 2017 – May 2021.

This difference, which can be put down to the Omicron variant of COVID-19, equates to a difference of 372,960 in May 2022 above the average for the month of May for the previous five years. If these workers are added to the 548,100 classified as unemployed this creates a total of 921,060 – equivalent to 6.6% of the workforce. In addition, the ABS classifies 5.7% of the workforce (approximately 808,000 workers) as under-employed. Combining these figures adds to 1.73 million workers, around 12.3% of the workforce.

 

Roy Morgan Unemployment & Under-employment (2019-2022)

Source: Roy Morgan Single Source January 2019 – June 2022. Average monthly interviews 5,000.
Note: Roy Morgan unemployment estimates are actual data while the ABS estimates are seasonally adjusted.

 

Michele Levine, CEO Roy Morgan, says unemployment the news was goof on the employment front for the new ALP Government in June with full-time employment hitting a new record high and driving unemployment to its lowest since October 2019:

“The latest Roy Morgan employment estimates for June show full-time employment up 363,000 to 8,876,000 in June – a new record high. The increase in full-time employment drove overall employment up by 122,000 to 13,366,000 even as part-time employment fell in June following the temporary spike seen in May due to the Federal Election.

“The strong employment result drove unemployment down to 1,125,000 (7.8% of the workforce) – the lowest level of unemployment since October 2019 well before the COVID-19 pandemic. However, there are an additional 1,226,000 Australians (8.5% of the workforce) now under-employed which means there are still a large cohort of 2.35 million Australians now unemployed or under-employed.

“Although the news on the employment front is positive in the first month of the new ALP Government there are clearly several challenges facing policymakers over the next few months including rising inflationary pressures, the RBA increasing interest rates to quell inflation and the reliability (and cost) of the Australian energy market – particularly along the east coast.

“These challenges are all inter-related and can all lead to an increasing level of unemployment in the future if they aren’t dealt with. For the foreseeable future the global prices of energy and food are set to continue to increase due to the conflict in Ukraine as well as domestic factors such as the recent floods in Queensland and NSW.

“On the domestic front the wild weather seen in many parts of Australia will hopefully abate over the next few months allowing food prices to normalise but a key priority for the Government must be to bring certainty to the domestic energy market.

“By stabilising the domestic gas and electricity market the Government can reduce upward price pressure on these key energy inputs which will lower inflation pressures and allow the RBA to end its interest rate increasing cycle sooner than some may expect.

“If the Albanese Government allows Australia’s energy situation to deteriorate further over the next few months, and years, they will end up causing persistently higher inflation in the economy which will most certainly put their re-election in three years’ time at risk.”

 

Roy Morgan Unemployed and ‘Under-employed’* Estimates

  Unemployed or

‘Under-employed’*

Unemployed Unemployed looking for ‘Under-employed’*
Full-time Part-time
2021 ‘000 % ‘000 % ‘000 ‘000 ‘000 %
Jan-Mar 2021 2,971 20.6 1,750 12.1 717 1,033 1,222 8.5
Apr-Jun 2021 2,688 18.3 1,398 9.5 574 824 1,290 8.8
Jul-Sep 2021 2,573 17.7 1,350 9.3 547 803 1,224 8.4
Oct-Dec 2021 2,586 17.8 1,301 9.0 537 764 1,286 8.9
2022                
Jan-Mar 2022 2,380 16.4 1,187 8.2 438 749 1,193 8.2
Apr-Jun 2022 2,467 17.0 1,235 8.5 482 753 1,232 8.5
Months                
May 2021 2,749 18.9 1,493 10.3 558 935 1,256 8.6
June 2021 2,651 17.9 1,394 9.4 570 824 1,257 8.5
July 2021 2,756 18.8 1,422 9.7 619 803 1,334 9.1
August 2021 2,537 17.7 1,362 9.5 492 870 1,175 8.2
September 2021 2,428 16.7 1,265 8.7 530 735 1,163 8.0
October 2021 2,547 17.8 1,320 9.2 471 849 1,227 8.6
November 2021 2,536 17.5 1,330 9.2 583 748 1,206 8.3
December 2021 2,676 18.2 1,252 8.5 557 695 1,424 9.7
January 2022 2,427 16.6 1,201 8.2 464 737 1,226 8.4
February 2022 2,357 16.3 1,227 8.5 463 764 1,130 7.8
March 2022 2,356 16.2 1,133 7.8 387 746 1,223 8.4
April 2022 2,641 18.1 1,411 9.7 559 852 1,230 8.4
May 2022 2,408 16.7 1,169 8.1 477 692 1,239 8.6
June 2022 2,351 16.3 1,125 7.8 409 716 1,226 8.5

*Workforce includes those employed and those looking for work – the unemployed.

 

This Roy Morgan survey on Australia’s unemployment and ‘under-employed’* is based on weekly interviews of 839,202 Australians aged 14 and over between January 2007 and June 2022 and includes 5,913 telephone and online interviews in June 2022. *The ‘under-employed’ are those people who are in part-time work or freelancers who are looking for more work.

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Workforce barriers tripping up young Australians and how to overcome them

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Workforce barriers tripping up young Australians and how to overcome them

 

Only half of young people feel confident in achieving their current or future career aspirations due to workforce barriers, new research has found.

This, coupled with a youth unemployment rate of 9.7% as of May 20242, underscores the critical need for targeted support and resources to equip young individuals with the foundational skills essential for navigating today’s complex job market.

For young people, particularly those from marginalised groups like Indigenous youth and women, there are additional barriers that exacerbate the challenge in securing employment and advancing careers including things like systemic inequities, limited access to quality education and training as well as pervasive social biases.

For example, recent studies have shown that 37% of women working in predominantly male environments report experiencing gender-based competence challenges3.

Employment services provider atWork Australia is addressing these challenges head-on by spotlighting the empowerment of young talent in preparation for World Youth Skills Day on 15 July, providing comprehensive support to young individuals, ensuring they have the necessary skills and assistance to confidently enter the workforce.

Over the last year, atWork Australia has supported over 7,300 young people (aged 25 years or younger) on their individual employment journey across metropolitan and regional Australia. Trends show that hospitality, warehousing and retail are the most appealing industries for young people to seek out. atWork Australia celebrates and applauds youth transition to all industries as each individual embarks on their employment and career journey.

One inspiring example is atWork Australia client, 18-year-old Yasmine, a determined Indigenous young woman from Mount Druitt, New South Wales. Through atWork Australia’s guidance, Yasmine defied odds and successfully entered the traditionally male-dominated mechanical industry.

Yasmine’s journey, starting from when she left school in Year 10, it reflects her resilience in overcoming significant challenges. Initial barriers included securing additional work hours and attending appointments due to financial constraints. Yasmine found crucial support from atWork Australia for emotional, mental and educational barriers as well as practical needs like food vouchers and travel costs4.

“atWork Australia has been a tremendous support for me,” Yasmine shared. “They kept me informed about job opportunities and reached out to discuss potential roles. It was empowering to be able to communicate my interests and preferences directly to them.”

Navigating her way through interviews and her initial week on the job, Yasmine benefitted from the guidance of atWork Australia’s Indigenous Connections team, who provided essential mentorship and support.

Despite encountering scepticism and doubts as a woman in a male-dominated field, Yasmine persevered, impressing her colleagues with her skills and determination.

“At 18, there were moments of self-doubt, especially being an 18-year-old female in this industry, but with atWork Australia’s unwavering support, I gained confidence and pushed through,” Yasmine reflected.

atWork Australia will continue to assist Yasmine until she feels fully settled in her new role and is committed to supporting her journey towards achieving her long-term goal of saving for a house deposit.

Yasmine’s story exemplifies the transformative impact of tailored support and mentorship in empowering young individuals to thrive in challenging environments.

atWork Australia is dedicated to providing comprehensive support to young individuals, ensuring they have the necessary skills and assistance to confidently enter the workforce.

To find out more about atWork Australia’s support services, please visit: www.atworkaustralia.com.au. Additionally, you can listen to any of the podcasts from the ‘Candid Conversations with Shaun Pianta’ podcast series here where atWork Australia Brand Ambassador and Paralympian, Shaun Pianta, speaks about his employment journey, following a life-changing holiday.

 

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Scrap Metal Company and Directors Fined for Mass Limit Breaches

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Scrap Metal Company and Directors Fined for Mass Limit Breaches

 

A Melbourne-based scrap metal company and its three directors have been fined for failing to manage legal mass limits after an investigation uncovered 69 mass limit breaches over two years.

The National Heavy Vehicle Regulator (NHVR) Safety and Compliance Officers intercepted one of the company’s heavy vehicles in April 2021, discovering it was loaded at 120.42% of the prescribed mass limit.

Subsequent investigations revealed 69 mass limit breaches, including 24 severe risk breaches, defined as loads at 120% or more of the mass limit. The company pleaded guilty to a Category 1 offence under the Heavy Vehicle National Law (HVNL) and was fined $180,000.

The three directors also pleaded guilty to failing to exercise due diligence and ensure transport safety, receiving fines of $8,500, $7,000, and $7,000, respectively.

NHVR Acting Director of Prosecutions Elim Chan emphasised the dangers of overloaded heavy vehicles. “Heavy vehicles loaded beyond their prescribed mass limits pose serious public safety risks by compromising stability, steering, performance, and braking capability,” Ms. Chan said.

She stressed the importance of proper systems and training to ensure compliance with the HVNL and protect both drivers and the public.

The NHVR offers online tools and guides to assist with loading requirements. For resources, visit NHVR Loading Guides View the resources.

 For more information on NHVR prosecutions, visit NHVR Prosecutions.

 

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In June Australian unemployment dropped to 8.3%; lowest unemployment since September 2022

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In June Australian unemployment dropped to 8.3%; lowest unemployment since September 2022

 

In June 2024, Australian ‘real’ unemployment dropped 62,000 to 1,307,000 (down 0.4% to 8.3% of the workforce). This is the lowest rate of unemployment for nearly two years since September 2022 although overall employment is virtually unchanged above 14.3 million.

Although unemployment decreased in June as people left the workforce, under-employment increased by a similar amount in the month, up 65,000 to 1,403,000. Taken together overall unemployment and under-employment in June is virtually unchanged at 2.7 million (17.3% of the workforce).

The June Roy Morgan Unemployment estimates were obtained by surveying an Australia-wide cross section of people aged 14+. A person is classified as unemployed if they are looking for work, no matter when. The ‘real’ unemployment rate is presented as a percentage of the workforce (employed & unemployed).

  • Overall employment reaches virtually unchanged in June near record high above 14.3 million:

Australian employment was virtually unchanged at 14,307,000 (down 3,000) in June. There was a shift to more part-time employment though with 4,941,000 (up 72,000) now employed part-time while full-time employment was down 75,000 to 9,366,000. Increasing part-time employment is often associated with a rise in under-employment – which increased by 65,000 in June.

  • Unemployment decreased for a second straight month in June to its lowest for over a year:

In June 1,307,000 Australians were unemployed (8.3% of the workforce, down 0.4%), a decrease of 62,000 from May and the lowest level of unemployment for over a year since May 2023 (1,258,000). It is also the lowest rate of unemployment for nearly two years since September 2022 (8.1%).

The fall in unemployment was driven by fewer people looking for full-time work, down 131,000 to 469,000 while there was an increase in those looking for part-time work, up 69,000 to 834,000.

  • Overall unemployment and under-employment was virtually unchanged at 17.3% in June:

In addition to the unemployed, a further 1.4 million Australians (9% of the workforce) were under-employed, i.e. working part-time but looking for more work, up 65,000 from May. In total 2.7 million Australians (17.3% of the workforce) were either unemployed or under-employed in June.

  • Comparisons with a year ago show rapidly increasing workforce is driving employment growth:

The workforce in June was 15,610,000 (down 65,000 from May, but up 404,000 from a year ago) – comprised of a near record high 14,307,000 employed Australians (virtually unchanged from a month ago but up a massive 673,000 from a year ago) and 1,303,000 unemployed Australians looking for work (down 62,000 from a month ago and down 269,000 from a year ago).

 

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