Hidden Unemployment – The Middle Income Minefield

Australia’s unemployment rate is the envy of most countries but there is growing evidence that  middle income job losses are on the rise.

The eastern suburbs of Sydney and the inner suburbs of Melbourne have been identified as hotspots as pressures in the finance and professional services areas create job losses. A combination of rising unemployment and lower participation rates are blamed. For many years Morgan Research has been critical of ABS labour calculations which have yet to identify the middle Australia unemployed.