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NFP employment increased less than expected

Total nonfarm payroll employment increased by 148,000 in December, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in health care, construction, and manufacturing. In December, the unemployment rate was 4.1 percent for the third consecutive month. The number of unemployed persons, at 6.6 million, was essentially unchanged over the month.

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Australian employment increased by 61,600 persons

Seasonally adjusted employment increased by 61,600 persons from October to November 2017 (following a combined increase of 28,600 over the preceding 2 months). The underlying composition of the net change was an increase of 41,900 persons in full-time employment and a 19,700 increase in part-time employment. Since November 2016, full-time employment has increased by 304,600 persons, while part-time employment has increased by 78,700 persons.

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UK Unemployment Rate remains unchaged

There were 32.08 million people in work, 56,000 fewer than for May to July 2017 but 325,000 more than for a year earlier. The employment rate (the proportion of people aged from 16 to 64 who were in work) was 75.1%, lower than for May to July 2017 (75.3%) but higher than for a year earlier (74.4%). There were 1.43 million unemployed people (people not in work but seeking and available to work), 26,000 fewer than for May to July 2017 and 182,000 fewer than for a year earlier. The unemployment rate (the proportion of those in work plus those unemployed, that were unemployed) was 4.3%, down from 4.8% for a year earlier and the joint lowest since 1975. Read more...

Australian Unemployment Rate fell to 5.4%

The latest labour force data released today by the Australian Bureau of Statistics – Labour Force data – for October 2017 shows that total employment growth was weak although there was relatively good full-time employment growth. Employment increased by a minuscule 3,700 (0.03 per cent) – full-time employment increased 24,300 and part-time employment decreased 20,700. While the growth in full-time employment is a good outcome, the overall employment growth was very weak and follows a fairly weak result the previous month.

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