ABS Labour Force Figures, released today, unemployment rate decreased 0.4 points to 3.7% ↓

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 0.4 points to 3.7%↓The participation rate increased to 66.7%.↑ Monthly hours worked increased to 1,933 million hours.↑

‍ABS unemployment data‍

‍China: Bureau of Labor Statistics, released March 18, the unemployment rate increased 0.1 points to 5.3%.↑

‍China unemployment data‍

‍USA: Bureau of Labor Statistics, released March 8, the unemployment rate increased 0.2 points to 3.9%↑

‍USA unemployment data

‍‍UK: Bureau of Labor Statistics, released March 12, the unemployment rate increased 0.1 points to 3.9%.↑

‍UK unemployment data‍

‍New Zealand: Statistics New Zealand, released February 6, the unemployment rate increased0.1 points in the fourth quarter to 4.0%.↑

‍NZ unemployment data‍

‍Germany: StatisticsGermany, released February 29,the unemployment rate remained steady at 5.9%↔

‍Germany unemployment data

‍‍France: Insee France, released February 13, the unemployment rate remained steady in the fourth quarterat 7.5%↔

‍France unemployment data

Spain: Instituto Nacional de Estadistica, released January 26, unemployment rate decreased 0.8 points in the fourth quarter to 11.76%. ↓

‍Spain unemployment data

‍‍Monthly Consumer Price Index Indicator: released February 28, the annual movement for the monthly CPI indicator excluding volatile items and holiday travel rose 4.1% in January, down from the rise of 4.2% in December.↓

‍CPI monthly indicator ‍

‍Roy Morgan Consumer Confidence: released March 19, ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 81.7 this week. ↓ The index has now spent a record 59 straight weeks below the mark of 85.

‍Roy Morgan Consumer Confidence Report‍

‍ANZ-Indeed Australian Job Ads released March 4, ANZ-Indeed Australian Job Ads fell 2.8% m/m in February following a significant upward revision in January to 3.4% m/m from 1.7% m/m. In trend terms, the series declined 0.2%m/m. While ANZ-Indeed Job Ads has fallen 16.6% from the November 2022 peak, the series is still 37.8% higher than pre-pandemic levels.↓

‍Job Advertisements Series‍

‍Job Vacancy Rates: ABS Labour Force Figures, released January 10, total job vacancies for the November 2023 quarter were 388,800, a decrease of 0.7% from August 2023. ↓

‍ABS Jobs Vacancy Data

‍‍DEEWR Report: Department of Employment Monthly Leading Indicator of Employment, released March 20.

‍Department of Employment Monthly Leading Indicator of Employment