ABS Labour Force Figures, released today, unemployment rate remained steady at 3.9%.↔

Welcome to the January 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 3.9%.↔The participation rate decreased 0.4 points to 66.8%.↓ Monthly hours worked decreased to 1,926 million hours.↓

‍ABS unemployment data

‍‍China: Bureau of Labor Statistics, released January 17, the unemployment rate increased 0.1 points to 5.1%.↑

‍China unemployment data‍

‍USA: Bureau of Labor Statistics, released January 5, the unemployment rate remained steady at 3.7%↔

‍USA unemployment data

‍‍UK: Bureau of Labor Statistics, released January 16, the unemployment rate remained steady at 4.2%.↔

‍UK unemployment data

‍‍New Zealand: Statistics New Zealand, released October 31, the unemployment rate increased0.3 pointsin the third quarter to 3.9%.↑

‍NZ unemployment data‍

‍Germany: StatisticsGermany, released January 3,the unemployment rate increased 0.1 points to 5.9%.↑

‍Germany unemployment data‍

‍France: Insee France, released November 15, the unemployment rate increased 0.2 points in the third quarter to 7.4%. ↑

‍France unemployment data

Spain: Instituto Nacional de Estadistica, released October 26, unemployment rate increased 0.24 points in the third quarter to 11.84%. ↑

‍Spain unemployment data‍

‍Monthly Consumer Price Index Indicator: released January 10, the annual movement for the monthly CPI indicator excluding volatile items and holiday travel rose 4.8% in November, down from the rise of 5.1% in October.↓

‍CPI monthly indicator ‍

‍Roy Morgan Consumer Confidence: released January 16, ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 84.4 this week. Consumer Confidence has now spent a record 50 straight weeks below the mark of 85.↔

‍Roy Morgan Consumer Confidence Report

‍ANZ-Indeed Australian Job Ads released January 15, ANZ-Indeed Australian Job Ads edged up 0.1% m/m in December following a downward revision in November to -5.1% m/m from -4.6% m/m. In trend terms, the series was down 2.0% m/m. ANZ-Indeed Australian Job Ads has fallen 17.5% from the November 2022 peak but is still 36.5% 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 January 17.

‍Department of Employment Monthly Leading Indicator of Employment