#Unemployment #RoyMorgan #ABS
While the ABS claims that Australia’s Unemployment rate is 5.1% the Roy Morgan figure is 9.2%. Let’s look at the different approaches and ask which number better reflects the reality of the economy and which should be used to influence government policy?
HOW DOES THE ABS MEASURE UNEMPLOYMENT
Roy Morgan Unemployment & Under-employment Estimates (2005-2019)
Unemployment: Its Measurement and Types