Roy Morgan unemployment tumbles on lower participation
By Leith van Onselen Roy Morgan Research (RMR) last night released its unemployment estimate for the month of August, which registered a massive fall in the unemployment rate to 8.7% from 10.2% in July (see next chart). The fall in the unemployment rate was caused primarily by a large contraction in the labour force participation rate, although there was also a small lift in the number of jobs. According to the release: 12,205,000 Australians are in the workforce; (the lowest since January 2013): (down 162,000 since last month July; down 172,000 since August last year); 11,141,000...
