ABS Labour Force Figures, released today, unemployment rate increased 0.1 points to 4.2% ↑ 

Welcome to the August 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 4.2%↑The participation rate increased 0.2 points to 67.1%. ↑ Monthly hours worked increased to 1,961 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 August 2, the unemployment rate increased 0.2 points to 4.3%↑

‍USA unemployment data

‍UK: Bureau of Labor Statistics, released August 13, the unemployment rate decreased 0.2 points to 4.2% ↓

‍UK unemployment data‍

‍New Zealand: Statistics New Zealand, released August 6, the unemployment rate increased 0.2 points in the second quarter to 4.6% ↑

‍NZ unemployment data‍

‍Germany: StatisticsGermany, released July 31,the unemployment rate remained steady at 6.0%↔

‍Germany unemployment data‍‍

France: Insee France, released August 9, the unemployment decreased 0.2 points in the second quarter to 7.3%↓

‍France unemployment data

‍Spain: Instituto Nacional de Estadistica, released July 26, the unemployment rate decreased 1.02 points in the second quarter to 11.27% ↓

‍Spain unemployment data‍

‍Monthly Consumer Price Index Indicator: released July 31, the annual movement for the monthly CPI indicator excluding volatile items and holiday travel was 4.0% in June, the same as the 4.0% rise in May.↔

‍CPI monthly indicator 

‍‍Roy Morgan Consumer Confidence: released August 13, ANZ-Roy Morgan Consumer Confidence up 2.6pts to 83.9 after the RBA leaves interest rates unchanged again. ↑

‍Roy Morgan Consumer Confidence Report

‍‍ANZ-Indeed Australian Job Ads: released August 6, ANZ-Indeed Australian Job Ads decline 3.0% m/m in July, following a downwardly revised 2.7% m/m fall in June. In trend terms.In trend terms, the series was down 2.7% m/m.While ANZ-Indeed Job Ads has fallen 28.6 per cent from its peak in November 2022, the series is still 13.3 per cent 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 August 14.

‍Department of Employment Monthly Leading Indicator of Employment