ABS Labour Force Figures, released today, unemployment rate remained steady at 3.7%. ↔

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 remained steady at 3.7%.↔The participation rate increased 0.3 points to 67.0%.↑Monthly hours worked increased to 1,954 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 September 1, the unemployment rate increased 0.3 points to 3.8%. ↑

‍USA unemployment data

UK: Bureau of Labor Statistics, released September 12, the unemployment rate increased 0.1 points to 4.3%. ↑

‍UK unemployment data

New Zealand: Statistics New Zealand, released August 1, the unemployment rate increased 0.2 points in the first quarter at 3.6%. ↑

NZ unemployment data

Germany: Statistics Germany, released August 31, the unemployment rate remained stable 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 quarter to 11.6%. ↓

‍Spain unemployment data

Roy Morgan Consumer Confidence: released September 12, ANZ-Roy Morgan Consumer Confidence down 1.1pts to 77.6 – as perceptions of personal finances improve.

‍Roy Morgan Consumer Confidence Report

‍‍ANZ-Indeed Australian Job Ads released September 4, rose by 1.9% m/m in August following a upward revision in July to 0.7% m/m from 0.4% m/m. In trend terms, the series is up 0.8% m/m in August. ANZ-Indeed Australian Job Ads have fallen 7.8% from the September 2022 peak but remain elevated compared to pre-COVID 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