ABS Labour Force Figures, released today, unemployment rate increased to 3.5%

Welcome to the September 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 3.5%. The participation rate increased to 66.6%.  Monthly hours worked increased 0.8% to to 1,854 million hours. ↑

‍ABS unemployment data

‍‍USA: Bureau of Labor Statistics, released September 2, the unemployment rate increased 0.2 points to 3.7%. ↑

‍USA unemployment data

‍‍UK: Bureau of Labor Statistics, released September 13, the unemployment rate decreased 0.2 points to 3.6%. ↓

‍UK unemployment data

‍‍New Zealand: Statistics New Zealand, released August 2, the unemployment rate increased 0.1 points in the second quarter to 3.3%. ↑

‍NZ unemployment data‍

‍Germany: Destatis Germany, released August 31, unemployment rate increased 0.1 points to 5.5%. ↑

‍Germany unemployment data

France: Insee France, released August 12, the unemployment rate increased 0.1 points in the second quarter to 7.4%. ↑
France unemployment data

Spain: Instituto Nacional de Estadistica, released July 28, unemployment rate decreased 1.17 points in the second quarter to 12.48%. ↓
Spain unemployment data

Roy Morgan Consumer Confidence ANZ, Indonesia and China: The latest Roy Morgan consumer confidence in four Asian countries.

‍Roy Morgan Consumer Confidence Report

‍‍Job Advertisements Series, released September 5, Job Ads increased 2.0 per cent m/m in August, exceeding the peak in March. The volume of unfilled labour demand suggests the effects of higher inflation, rising rates and global growth risks on the labour market will be lagged. The immediate actions from the Jobs and Skills Summit will likely have a marginal effect on closing the aggregate gap.

‍Job Advertisements Series‍

‍Job Vacancy Rates: ABS Labour Force Figures, released June 30, total job vacancies for the May 2022 quarter were 480,100 an increase of 13.8% from February 2022.↑

‍ABS Job Vacancy data‍

‍DEEWR Report: Department of Employment Monthly Leading Indicator of Employment, released September 14.

‍Department of Employment Monthly Leading Indicator of Employment