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PRINCIPAL LABOUR FORCE SERIES TREND ESTIMATES
The trend estimate of unemployed persons generally fell from 743,300 in November 1997 to 583,000 in September 2000, before rising to 681,200 in October 2001. The trend then generally fell to 468,800 in July 2007 before rising slightly to stand at 484,600 in November 2007.
The trend unemployment rate generally fell from 8.0% in November 1997 to 6.0% in September 2000. After rising to 7.0% in October 2001, the trend generally fell to 4.3% in July 2007 before rising slightly to stand at 4.4% in November 2007.
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