ABS Labour Force Figures, released today, unemployment rate decreased 0.1 points to 4.0% ↓

Welcome to the June 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 rate decreased 0.1 points to 4.0% ↓ The participation rate remained at 66.8%. ↔  Monthly hours worked decreased to 1,951 million hours. ↓  

‍ABS unemployment data‍

‍China: Bureau of Labor Statistics, released May 17, the unemployment rate decreased 0.2 points to 5.0% ↓

‍China unemployment data‍

‍USA: Bureau of Labor Statistics, released June 7, the unemployment rate increased 0.1 points to 4.0% ↑

‍USA unemployment data‍

‍UK: Bureau of Labor Statistics, released June 11, the unemployment rate increased 0.1 points to 4.4% ↑

‍UK unemployment data‍

‍New Zealand: Statistics New Zealand,released April 30, the unemployment rate increased 0.3 points in the first quarter to 4.3% ↑

‍NZ unemployment data‍

‍Germany: Statistics Germany, released June 4, the unemployment rate remained steady at 5.9% ↔

‍Germany unemployment data‍

‍France: Insee France, released May 17, the unemployment rate remained steady in the first quarter at 7.5% ↔

‍France unemployment data

Spain: Instituto Nacional de Estadistica, released April 26, unemployment rate increased 0.49 points in the first quarter to 12.29% ↑

‍Spain unemployment data‍

‍Monthly Consumer Price Index Indicator: released May 29, the annual movement for the monthly CPI indicator excluding volatile items and holiday travel was 4.1% in April, unchanged from March. ↔

‍CPI monthly indicator ‍

‍Roy Morgan Consumer Confidence: released June 4, ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 80.5 in early June. The index has now spent a record 70 straight weeks below the mark of 85 ↔

Roy Morgan Consumer Confidence Report‍

‍ANZ-Indeed Australian Job Ads We have presented the April numbers which is the latest we have. The June  ANZ report is yet to be published. Released May 6, ANZ-Indeed Australian Job Ads rose 2.8% m/m in April after falling 1.0% m/m in March. In trend terms, the series was up 0.7% m/m. While ANZ-Indeed Job Ads has fallen 14.3% from its peak in November 2022, the series is still 36.5% higher than pre-pandemic levels ↑

‍Job Advertisements Series‍

‍Job Vacancy Rates: ABS Labour Force Figures, released March 28, total job vacancies for the February 2024 quarter were 363,800 a decrease of 6.1% from November 2023 ↓

‍ABS Jobs Vacancy Data‍

‍DEEWR Report: Department of Employment Monthly Leading Indicator of Employment, released June 12.

‍Department of Employment Monthly Leading Indicator of Employment