ABS Labour Force Figures, released today, unemployment rate remained steady at 4.1% ↔

Welcome to the October 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 4.1%↔The participation rate increased to 67.2% ↑ Monthly hours worked increased to 1,968 million hours. ↑

‍ABS unemployment data

‍‍China: Bureau of Labor Statistics, released September 14, the unemployment rate increased 0.1 points to 5.3%↑

‍China unemployment data‍

‍USA: Bureau of Labor Statistics, released October 4, the unemployment rate decreased 0.1 points to 4.1%↓

‍USA unemployment data

‍‍UK: Bureau of Labor Statistics, released October 15, the unemployment rate decreased 0.1 points to 4.0% ↓

‍UK unemployment data

‍‍New Zealand: Statistics New Zealand,released August 6, the unemployment rate increased0.2 pointsin the second quarter to 4.6% ↑

‍NZ unemployment data‍

‍Germany: StatisticsGermany, released September 27,the unemployment rate remained steady at 6.0%↔

‍Germany unemployment data

‍‍France: Insee France, released August 9, the unemployment decreased 0.2 points in the second quarter to 7.3%↓

‍France unemployment data

Spain: Instituto Nacional de Estadistica, released July 26, the unemployment rate decreased 1.02 points in the second quarter to 11.27% ↓

‍Spain unemployment data‍

‍Monthly Consumer Price Index Indicator: released September 25, the annual movement for the monthly CPI indicator excluding volatile items and holiday travel was 3.0% in August, down from a 3.7% rise in July.↓

‍CPI monthly indicator ‍

‍Roy Morgan Consumer Confidence: released October 15, ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 83.4. Consumer Confidence has now spent a record 89 straight weeks below the mark of 85.↔

‍Roy Morgan Consumer Confidence Report‍

‍ANZ-Indeed Australian Job Ads: released October 8, ANZ-Indeed Australian Job Ads rose 1.6% m/m in September, following an upwardly revised 1.8% m/m fall in August. In trend terms, the series was down 0.3% m/m. ANZ-Indeed Australian Job Ads has fallen 28.1% from its peak in June 2022 but is still 14.3% above pre-pandemic levels. ↑

‍Job Advertisements Series‍

‍Job Vacancy Rates: ABS Labour Force Figures, released September 26, total job vacancies for the August 2024 quarter were 329,900 a decrease of 5.2% from May 2024. ↓

‍ABS Jobs Vacancy Data‍

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

‍Department of Employment Monthly Leading Indicator of Employment