ABS Labour Force Figures, released today, unemployment rate increased 0.1 points to 3.8% ↑

Welcome to the April 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 3.8% ↑ The participation rate decreased to 66.6%. ↓  Monthly hours worked increased to 1,956 million hours. ↑

‍ABS unemployment data‍

‍China: Bureau of Labor Statistics, released April 16, the unemployment rate decreased 0.1 points to 5.2%. ↓

‍China unemployment data‍

‍USA: Bureau of Labor Statistics, released April 5, the unemployment rate decreased 0.1 points to 3.8% ↓

‍USA unemployment data

‍UK: Bureau of Labor Statistics, released April 16, the unemployment rate increased 0.3 points to 4.2%. ↑

‍UK unemployment data

‍‍New Zealand: Statistics New Zealand, released February 6, the unemployment rate increased 0.1 points in the fourth quarter to 4.0%. ↑

‍NZ unemployment data‍

‍Germany: Statistics Germany, released March 28, the unemployment rate remained steady at 5.9% ↔

‍Germany unemployment data‍

‍France: Insee France, released February 13, the unemployment rate remained steady in the fourth quarter at 7.5% ↔

‍France unemployment data

Spain: Instituto Nacional de Estadistica, released January 26, unemployment rate decreased 0.8 points in the fourth quarter to 11.76%. ↓

‍Spain unemployment data

Monthly Consumer Price Index Indicator: released March 27, the annual movement for the monthly CPI indicator excluding volatile items and holiday travel rose 3.9% in February, down from the rise of 4.1% in January. ↓

‍CPI monthly indicator ‍

‍Roy Morgan Consumer Confidence: released April 16, ANZ-Roy Morgan Consumer Confidence up 1.6 points to 83.5 - the highest for over two months since early February.

‍Roy Morgan Consumer Confidence Report‍

‍ANZ-Indeed Australian Job Ads released April 2, ANZ-Indeed Australian Job Ads fell 1.0% m/m in March following an upward revision in February to -2.1% m/m from -2.8% m/m. In trend terms the series was down 0.4% m/m.  Despite the annual fall of 10.6%, ANZ-Indeed Job Ads is still 32.1% higher than pre-pandemic (that is, 2019 average) 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 April 16.

‍Department of Employment Monthly Leading Indicator of Employment