InvestSMART's Evan Lucas says 'underemployment is probably the better figure to look at' despite expectations jobs figures will report an unemployment rise from 5.1 per cent to 5.5 per cent.
InvestSMART's Evan Lucas says "underemployment is probably the better figure to look at" despite expectations jobs figures will report an unemployment rise from 5.1 per cent to 5.5 per cent. Mr Lucas attributed the difference in unemployment numbers to the discrepancy with workers stood down by their employers not being factored as unemployed.
"The unemployment rate is likely around seven or nine per cent," he said. There will be people asking today around employment numbers, why they seem so much better than what is clearly going." The stand-down status of workers also affects the changes in job creation figures which sit at a loss of 40,000 jobs.
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