A post over the Queensland Economy Watch has raised a question regarding “underutilisation” rates and I hope that Gene will forgive me for jumping in and posting some info here.
This data is provide by the ABS on a quarterly basis with the most recent date relating to Nov 2014. Underutilisation basically includes all those who are unemployed as well as all those who wish they could do more work. That group would include part-time workers who would like more hours as well as full-time workers who (for reasons of lack of work) have done less than full-time work in the reference period. A full definition of underutilisation can be found on the ABS website here.
When we plot the underutilisation rates for Australia and Queensland we can see that the rate has moved significantly higher in recent quarters. QLD now sits at a 13 year high (15.9%) while nationally we are at a 17 year high (15.0%).