ABS Labour Force Figures, released today, unemployment rate increased 0.2 points to 3.7%. ↑

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 DEEWRreport.

‍Australia: ABS Labour Force Figures, released today, unemployment rate increased 0.2 points to 3.7%.↑The participation rate decreased 0.1 points to 66.7%.↓Monthly hours worked increased to 1,952 million hours.↑

ABS unemployment data

‍China: Bureau of Labor Statistics, released August 15, the unemployment rate increased 0.1 points to 5.3%↑

‍China unemployment data‍

‍USA: Bureau of Labor Statistics, released August 4, the unemployment rate decreased 0.1 points to 3.5%.↓

‍USA unemployment data‍

‍UK: Bureau of Labor Statistics, released August 15, the unemployment rateincreased0.2 points to 4.2%.↑

‍UK unemployment data

‍‍New Zealand: Statistics New Zealand, released August 1, the unemployment rate increased0.2 points in the first quarter at3.6%.↑

‍NZ unemployment data

‍‍Germany: StatisticsGermany, released August 1,theunemployment rate decreased 0.1 points to 5.6%.↓

‍Germany unemployment data

France: Insee France, released August 11, the unemployment rate increased 0.1 points in the second quarter to 7.2%. ↑

‍France unemployment data‍

‍Spain: Instituto Nacional de Estadistica, released July 27, unemployment rate decreased 1.66 points in the second quarterto 11.6%. ↓

‍Spain unemployment data

Roy Morgan Consumer Confidence: released August15, ANZ-Roy Morgan Consumer Confidence up 3.2pts to 78.2 – as perceptions of personal finances improve.

Roy Morgan Consumer Confidence Report

‍ANZ-Indeed Australian Job Ads released August 7, rose by 0.4% m/m in July following a downward revision in June to -2.7% m/m from -2.5% m/m. In trend terms, the series declined 0.7%m/min July. ANZ-Indeed Australian Job Ads have fallen 10.4% from the September peak but remain high compared to historical levels.

‍Job Advertisements Series

‍‍Job Vacancy Rates: ABS Labour Force Figures, released June 29, total job vacancies for the May 2023 quarter were 431,600, a decrease of 2.0% from February 2023. ↓

ABS Jobs Vacancy Data

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

Department of Employment Monthly Leading Indicator of Employment