| Actual | Previous | |
|---|---|---|
| Adjusted | 3.0% | 2.9% |
| Not Adjusted | 2.8% | 2.8% |
Highlights
The jobless rate in September increased by 0.1 percent to 3.0 percent, seasonally adjusted. Unadjusted however, it remains 2.8 percent. The youth unemployment rate also remained 3.2 percent in September.
There were 493 fewer job openings in September, down 1.3 percent to 37,372 on an unadjusted basis, and down 2.5 percent than a year ago. When accounting for seasonal factors, they were down 4.7 percent from August to 35,562.
The number of jobseekers grew 2.2 percent to 213,750, unadjusted from the previous month while up 15.9 percent from a year ago. A seasonally adjusted increase of 1.7 percent was reported for September with 222,787 looking for jobs.
Among economically high-profile industries, the unemployment rate in the chemical and refining industries rose to 3.3 percent from 3.2 percent in August and 2.7 percent from a year ago. In the watch industry, the rate fell to 6.1 percent in September from 6.2 percent the previous month and 5.0 percent from a year ago.
While some industries are facing challenges at the moment, in particular the watch industry due to the 39 percent US imposed tariffs, the broad labor market remains mostly steady.
There were 493 fewer job openings in September, down 1.3 percent to 37,372 on an unadjusted basis, and down 2.5 percent than a year ago. When accounting for seasonal factors, they were down 4.7 percent from August to 35,562.
The number of jobseekers grew 2.2 percent to 213,750, unadjusted from the previous month while up 15.9 percent from a year ago. A seasonally adjusted increase of 1.7 percent was reported for September with 222,787 looking for jobs.
Among economically high-profile industries, the unemployment rate in the chemical and refining industries rose to 3.3 percent from 3.2 percent in August and 2.7 percent from a year ago. In the watch industry, the rate fell to 6.1 percent in September from 6.2 percent the previous month and 5.0 percent from a year ago.
While some industries are facing challenges at the moment, in particular the watch industry due to the 39 percent US imposed tariffs, the broad labor market remains mostly steady.
Definition
The unemployment rate measures the number of unemployed as a percentage of the labour force. Both seasonally adjusted and unadjusted monthly data are provided.
Description
Like the employment data, unemployment data help to gauge the current state as well as the future direction of the economy. Employment data are categorized by sectors. This sector data can go a long way in helping investors determine in which economic sectors they intend to invest.
By tracking the jobs data, investors can sense the degree of tightness in the job market. If employment is tight it is a good bet that interest rates will rise and bond and stock prices will fall. In contrast, when job growth is slow or negative, then interest rates are likely to decline - boosting up bond and stock prices in the process.
By tracking the jobs data, investors can sense the degree of tightness in the job market. If employment is tight it is a good bet that interest rates will rise and bond and stock prices will fall. In contrast, when job growth is slow or negative, then interest rates are likely to decline - boosting up bond and stock prices in the process.
