ABS Labour Force Figures, released today, unemployment rate increased 0.1 points to 3.7% ↑

Welcome to the  November 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 increased 0.1 points to 3.7%. ↑ The participation rate increased 0.3 points to 67.0%. ↑  Monthly hours worked increased to 1,939 million hours. ↑

‍ABS unemployment data‍

‍China: Bureau of Labor Statistics, released November 15, the unemployment rate remained steady at 5.0%. ↔

‍China unemployment data‍

‍USA: Bureau of Labor Statistics, released November 3, the unemployment rate increased 0.1 points to 3.9% ↑

‍USA unemployment data

‍‍UK: Bureau of Labor Statistics, released November 14, the unemployment rate remained steady at 4.2%. ↔

‍UK unemployment data‍

‍New Zealand: Statistics New Zealand, released October 31, the unemployment rate increased 0.3 points in the third quarter to 3.9%. ↑

‍NZ unemployment data

‍‍Germany: Statistics Germany, released November 2, the unemployment rate increased 0.1 points to 5.8%. ↑

‍Germany unemployment data

‍‍France: Insee France, released November 15, the unemployment rate increased 0.2 points in the third quarter to 7.4%. ↑

‍France unemployment data

Spain: Instituto Nacional de Estadistica, released October 26, unemployment rate increased 0.24 points in the third quarter to 11.84%. ↑

‍Spain unemployment data

Monthly Consumer Price Index Indicator: released October 25, the annual movement for the monthly CPI indicator excluding volatile items and holiday travel rose 5.5% in September, in line with the rise of 5.5% in August.  

‍CPI monthly indicator

Roy Morgan Consumer Confidence: released November 14, ANZ-Roy Morgan Consumer Confidence plunges 3.5pts to 74.3 - after the RBA raises interest rates to 12-year high of 4.35%. ↓

Roy Morgan Consumer Confidence Report

ANZ-Indeed Australian Job Ads released November 6, Job Ads fell 3.0% m/m in October following a downward revision in September to -0.5% m/m from -0.1% m/m. In trend terms, the series was down 1.2%m/m. ANZ-Indeed Australian Job Ads has fallen 11.2% from the September 2022 peak but remains 44.9% higher than pre-COVID levels. ↓

Job Advertisements Series

Job Vacancy Rates: ABS Labour Force Figures, released September 28, total job vacancies for the August 2023 quarter were 390,400, a decrease of 8.9% from May 2023. ↓

ABS Jobs Vacancy Data

DEEWR Report: Department of Employment Monthly Leading Indicator of Employment, released November 15.

Department of Employment Monthly Leading Indicator of Employment

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