ABS Labour Force Figures, released today, unemployment rate decreased 0.2 point to 4.0%.

Welcome to the March 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 to 4.0%. The participation rate increased to 66.4%.  Monthly hours worked increased by 149 million hours to 1,665 million hours. ↓

‍ABS unemployment data‍

‍USA: Bureau of Labor Statistics, released March 4, the unemployment rate decreased 0.2 points to 3.8%. ↓

‍USA unemployment data‍

‍UK: Bureau of Labor Statistics, released March 15, the unemployment rate decreased 0.2 points to 3.9%. ↓

‍UK unemployment data‍

‍New Zealand: Statistics New Zealand, released February 1, unemployment rate decreased 0.2 points in the fourth quarter to 3.2%. ↓

‍NZ unemployment data‍

‍Germany: Destatis Germany, released March 2, unemployment rate decreased 0.1 points to 5%. ↓

‍Germany unemployment data

‍France: Insee France, released February 18, unemployment rate decreased 0.6 points in the fourth quarter to 7.4%. ↓

France unemployment data

Spain: Instituto Nacional de Estadistica, released January 27, unemployment rate decreased 1.24 points in the fourth quarter to 13.33%. ↓

‍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 March 7, Job Ads increased 8.4% m/m in February to a new pandemic high, 1.8 per cent about the post-Delta peak. This supports our view that labour demand will continue to rise and competition for workers intensify.

‍Job Advertisements Series‍

‍Job Vacancy Rates: ABS Labour Force Figures, released January 12, total job vacancies for the November 2021 quarter were 396,100, an increase of 18.5% from August 2021. ↑

‍ABS Job Vacancy data‍

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

‍Department of Employment Monthly Leading Indicator of Employment