Labour Force

  • December 2022

    January 19, 2023

    Employment fell a seasonally adjusted 14.6k in December, against the market expectations of a 25.0k gain. The unemployment rate was unchanged from the upwardly revised 3.5% for November.
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  • November 2022

    December 15, 2022

    Employment rose a seasonally adjusted 64.0k in November, much more than the 17.0k expected by market participants.

    The unemployment rate remained at an equal monthly series low of 3.4% in seasonally adjusted terms.

    The underutilisation rate, which combines unemployment and underemployment, fell to a 40-year low of 9.2%.

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  • October 2022

    November 17, 2022

    Employment rose a seasonally adjusted 32.2k in October, much more than the 15.0k pencilled in by the market consensus. The unemployment rate unexpectedly declined 0.1ppts to 3.4%.

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  • September 2022

    October 20, 2022

    Employment rose a seasonally adjusted 0.9k in September, much less than the 25.0k expected by the markets.

    The slight increase in employment resulted from a 13.3k gain in full-time jobs almost fully offset by a 12.4k decline in part-time jobs.

    The unemployment rate was unchanged at 3.5%, in line with market expectations.

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  • August 2022

    September 15, 2022

    Employment rose a seasonally adjusted 33.5k in August, pretty much in line with the 35.0k envisaged by the market consensus. The unemployment rate rose 0.1ppts to the still low 3.5%, as the participation rate rose to 66.6%.

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  • July 2022

    August 18, 2022

    Employment fell a seasonally adjusted 40.9k in July, against market expectations of a 26.5k increase. The unemployment rate dipped 0.1ppts to 3.4%, the lowest level since Q3 1974 when the labour force survey was quarterly. This came amid a 0.3ppts fall in the participation rate, to a still high 66.4%.

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