ABS Labour Force Figures, released today, unemployment rate increased 0.2 points to 3.9%. ↑

Welcome to the December 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 0.2 points to 3.9%. ↑ The participation rate increased 0.2 points to 67.2%. ↑  Monthly hours worked increased to 1,944 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 December 8, the unemployment rate decreased 0.2 points to 3.7% ↓

‍USA unemployment data‍

‍UK: Bureau of Labor Statistics, released December 12, 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 30, the unemployment rate increased 0.1 points to 5.9%. ↑

‍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 November 29, the annual movement for the monthly CPI indicator excluding volatile items and holiday travel rose 5.1% in October, down from the rise of 5.5% in September. ↓

CPI monthly indicator

Roy Morgan Consumer Confidence: released December 12, ANZ-Roy Morgan Consumer Confidence jumps 4.4pts to 80.8 after the RBA leaves interest rates unchanged - the highest for over ten months since early February 2023. ↑

Roy Morgan Consumer Confidence Report

ANZ-Indeed Australian Job Ads released December 4, ANZ-Indeed Australian Job Ads fell 4.6% m/m in November following a downward revision in October to -3.4% m/m from -3.0% m/m. In trend terms, the series was down 3.4%m/m. ANZ-Indeed Australian Job Ads has fallen 16.8% from the November 2022 peak but is elevated compared to pre-pandemic 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 December 13.

Department of Employment Monthly Leading Indicator of Employment