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PRINCIPAL LABOUR FORCE SERIES TREND ESTIMATES
The trend estimate of unemployed persons fell from 694,200 in December 1998 to 583,000 in September 2000, before rising to stand at 681,200 in October 2001. The trend generally fell to 458,300 in February 2008, before rising to stand at 498,100 in December 2008.
The trend unemployment rate generally fell from 7.4% in December 1998 to 6.1% in October 2000, before rising to 7.0% in October 2001. The trend generally fell to 4.1% in February 2008, before rising slightly to stand at 4.4% in December 2008.
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