ABS Labour Force Figures, released today, unemployment rate decreased 0.1 points to 3.6% ↓

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 decreased 0.1 to 3.6%. ↓ The participation rate decreased 0.3 points to 66.7%. ↓  Monthly hours worked decreased to 1,930 million hours. ↓

‍ABS unemployment data‍

‍China: Bureau of Labor Statistics, released October 18, the unemployment rate decreased 0.2 points to 5% ↓

China unemployment data‍

‍USA: Bureau of Labor Statistics, released October 6, the unemployment rate remained steady at 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 September 29, the unemployment rate remained steady at 5.7%. ↔

‍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

‍Monthly Consumer Price Index Indicator: released September 27, the annual movement for the monthly CPI indicator excluding volatile items and holiday travel rose 5.5% in August, down from the rise of 5.8% in July.

‍CPI monthly indicator ‍

‍Roy Morgan Consumer Confidence: released October 17, ANZ-Roy Morgan Consumer Confidence down 3.7pts to 76.4, a pull-back after one week above 80.

Roy Morgan Consumer Confidence Report‍

‍ANZ-Indeed Australian Job Ads released October 3, ticked down by 0.1% m/m in September following a downward revision in August to +1.7% m/m from +1.9% m/m. In trend terms, the series rose 0.8%m/min September. ANZ-Indeed Australian Job Ads has fallen 8.2% from the September 2022 peak but remains 51.4% higher than pre-COVID levels.

‍Job Advertisements Series‍

‍Job Vacancy Rates: ABS Labour Force Figures, released September 28, total job vacancies for the August 2023 quarter were 390,400, a decrease of 8.9% from May 2023. ↓

‍ABS Jobs Vacancy Data‍

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

‍Department of Employment Monthly Leading Indicator of Employment