ABS Labour Force Figures, released today, unemployment rate remained steady at 4.2% ↔

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 4.2% ↔  The participation rate remained steady at 67.1%. ↔  Monthly hours worked increased to 1,962 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 September 6, the unemployment rate decreased 0.1 points to 4.2% ↓

‍USA unemployment data‍

‍UK: Bureau of Labor Statistics, released September 10, the unemployment rate decreased 0.1 points to 4.1% ↓

‍UK unemployment data‍

‍New Zealand: Statistics New Zealand, released August 6, the unemployment rate increased 0.2 points in the second quarter to 4.6% ↑

NZ unemployment data‍

‍Germany: Statistics Germany, released August 30, 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 August 28, the annual movement for the monthly CPI indicator excluding volatile items and holiday travel was 3.7% in July, down from a 4.0% rise in June. ↓

‍CPI monthly indicator ‍

‍Roy Morgan Consumer Confidence: released September 17, ANZ-Roy Morgan Consumer Confidence up 1.8pts to 84.1 in mid- September. ↑

‍Roy Morgan Consumer Confidence Report‍

‍ANZ-Indeed Australian Job Ads: released September 2, ANZ-Indeed Australian Job Ads declined 2.1 per cent m/m in August, following an upwardly revised 2.7 per cent m/m fall in July. In trend terms, the series was down 2.2 per cent m/m. ANZ-Indeed Australian Job Ads has fallen 29.8 per cent from its peak in November 2022, but is still 11.4 per cent above pre-pandemic levels. ↓

‍Job Advertisements Series‍

‍Job Vacancy Rates: ABS Labour Force Figures, released June 27, total job vacancies for the May 2024 quarter were 352,600 a decrease of 2.7% from February 2024. ↓

ABS Jobs Vacancy Data‍

‍DEEWR Report: Department of Employment Monthly Leading Indicator of Employment, released September 18.

‍Department of Employment Monthly Leading Indicator of Employment