| Actual | Previous | |
| Adjusted | 3.1% | 3.1% |
| Not Adjusted | 2.9% | 3.0% |
Highlights
Both the seasonally and unadjusted employment rates held steady in June, with the unadjusted rate at 3.0, and the seasonally adjusted measure at 3.1 percent.
The number of jobseekers rose to 235,889 from 203,609 in May, pushing the rate to 5.0 percent of the workforce compared to the the previous month. At the same time the number of available jobs contracted to 43,520, seasonally adjusted, from 45,340 in May.
In the chemical and refining sector, the jobless rate fell to 3.4 percent from 3.5 percent the month before, with the rate in the watchmaking industry contracting to 5.5 percent from 5.6 in May.
The banking sector was steady in June with the rate at 5.5 percent, while that for insurance rose to 2.5 percent from 2.4 percent.
Some pressures are evident in the labor market, with the banking and finance sector likely to come under further pressure over time from artificial intelligence.
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.