ABS Labour Force Figures, released today, unemployment rate increased 0.2 points to 4.1% ↑

Welcome to the February 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 4.1%↑The participation rate remained steady at 66.8%.↔ Monthly hours worked decreased to 1,871 million hours.↓

‍ABS unemployment data‍

‍China: Bureau of Labor Statistics, released January 17, the unemployment rate increased 0.1 points to 5.1%.↑

‍China unemployment data‍

‍USA: Bureau of Labor Statistics, released February 2, the unemployment rate remained steady at 3.7% ↔

‍USA unemployment data‍

‍UK: Bureau of Labor Statistics, released February 13, the unemployment rate decreased 0.1 points to 3.8%.↓

‍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 January 31,the unemployment rate remained steady at 5.8%↔

‍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 January 31, the annual movement for the monthly CPI indicator excluding volatile items and holiday travel rose 4.2% in December, down from the rise of 4.8% in November.↓

‍CPI monthly indicator ‍

‍Roy Morgan Consumer Confidence: released February 13, ANZ-Roy Morgan Consumer Confidence dropped 1.2 points to 82.6.↓ Consumer Confidence has now spent a record 54 straight weeks below the mark of 85.

‍Roy Morgan Consumer Confidence Report‍

‍ANZ-Indeed Australian Job Ads released February 5, ANZ-Indeed Australian Job Ads rose 1.7% m/m in January following an upward revision in December to +0.6% m/m from +0.1% m/m. In trend terms, the series fell 0.1%m/m. ANZ-Indeed Australian Job Ads has fallen 15.5% from the November 2022 peak but is still 39.9% higher than pre-pandemic levels.↑

‍Job Advertisements Series‍

‍Job Vacancy Rates: ABS Labour Force Figures, released January 10, total job vacancies for the November 2023 quarter were 388,800, a decrease of 0.7% from August 2023. ↓

‍ABS Jobs Vacancy Data

‍‍DEEWR Report: Department of Employment Monthly Leading Indicator of Employment, we have presented the January numbers which are the latest we have. The DEEWR report was due to be published on February 14 but has yet to be published.

‍Department of Employment Monthly Leading Indicator of Employment