ABS Labour Force Figures, released today, unemployment rate increased 0.1 points to 4.1% ↑ 

Welcome to the July 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 4.1%↑ The participation rate increased 0.1 points to 66.9%. ↑ Monthly hours worked increased to 1,967 million hours. ↑

‍ABS unemployment data

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

‍China unemployment data

‍‍USA: Bureau of Labor Statistics, released July 5, the unemployment rate increased 0.1 points to 4.1%↑

‍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 increased0.3 pointsin the first quarter to 4.3% ↑

‍NZ unemployment data

‍‍Germany: StatisticsGermany, released June 28,the unemployment rate increased 0.1 points to 6.0%↑

‍Germany unemployment data‍

‍France: Insee France, released May 17, the unemployment rate remained steady in the first quarterat 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 June 26, the annual movement for the monthly CPI indicator excluding volatile items and holiday travel was 4.0% in May, down from 4.1% in April.↓

‍CPI monthly indicator ‍

‍Roy Morgan Consumer Confidence: released July 16, ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 78.5 in mid-July but long-term views on the economy drop to lowest so far this year. The index has now spent a record 76 straight weeks below the mark of 85↔

‍Roy Morgan Consumer Confidence Report‍

‍ANZ-Indeed Australian Job Ads: released July 1, ANZ-Indeed Australian Job Ads decline 2.2% m/m in June. In trend terms, the series was down 2.0% m/m. While ANZ-Indeed Job Ads has fallen 25.8% from its peak in June 2022, the series is still 17.8% above pre-pandemic levels.↓

‍Job Advertisements Series‍

‍Job Vacancy Rates: ABS Labour Force Figures, released June 27, total job vacancies for the May 2024 quarter were 352,600 a decrease of 2.7% from February 2024. ↓

‍ABS Jobs Vacancy Data‍

‍DEEWR Report: Department of Employment Monthly Leading Indicator of Employment, released July 16.

‍Department of Employment Monthly Leading Indicator of Employment