Welcome to the May edition of the MyHorizon News Bulletin.
Welcome to the May edition of the MyHorizon News Bulletin.
Our overview of the labour market provides the latest unemployment data from across the globe. We also include the Roy Morgan Consumer Confidence report, the ANZ Job Advertisement Series, ABS Job Vacancy data and the DEEWR report.
Australia: ABS Labour Force Figures, released today, unemployment increased 0.2 points to 3.7%. ↑ The participation rate decreased to 66.7%. ↓ Monthly hours worked increased to 1,974 million hours. ↑
ABS unemployment data
China: Bureau of Labor Statistics, released May 16, the unemployment rate decreased 0.1 points to 5.2%. ↓
China unemployment data
USA: Bureau of Labor Statistics, released May 5, the unemployment rate decreased 0.1 points to 3.4%. ↓
USA unemployment data
UK: Bureau of Labor Statistics, released May 16, the unemployment rate increased 0.1 points to 3.9%. ↑
UK unemployment data
New Zealand: Statistics New Zealand, released May 2, the unemployment rate remained steady in the first quarter at 3.4%. ↔
NZ unemployment data
Germany: Statistics Germany, released April 28, the unemployment rate remained steady at 5.6%. ↔
Germany unemployment data
France: Insee France, released May 17, the unemployment rate decreased 0.1 points in the first quarter to 7.1%. ↓
France unemployment data
Spain: Instituto Nacional de Estadistica, released April 27, unemployment rate increased to 0.39 points in the first quarter to 13.26%. ↑
Spain unemployment data
Roy Morgan Consumer Confidence: released May 16, No ‘Budget Bounce’ as ANZ-Roy Morgan Consumer Confidence down 1.8pts to 75.9 – lowest since early April 2020.
Roy Morgan Consumer Confidence Report
Job Advertisements Series released May 1, ANZ-Indeed Australian Job Ads declined by 0.3% m/m in April following a downwardly revised 2.7% m/m fall in March. In trend terms, the monthly decline slowed to 1.1% m/m. ANZ-Indeed Job Ads is still 52.5% higher than pre-pandemic and, absent a major shock, seems unlikely to fall back to historical levels any time soon.
Job Advertisements Series
Job Vacancy Rates: ABS Labour Force Figures, released March 30, total job vacancies for the February 2023 quarter were 438,500, a decrease of 1.5% from November 2022. ↓
ABS Jobs Vacancy Data
DEEWR Report: Department of Employment Monthly Leading Indicator of Employment, released May 17.
Department of Employment Monthly Leading Indicator of Employment