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PRINCIPAL LABOUR FORCE SERIES TREND ESTIMATES
The trend estimate of unemployed persons generally fell from 771,700 in February 1997 to 583,700 in September 2000, before rising to 685,700 in October 2001. The trend then fell to 532,800 in January 2005, remained relatively stable for 18 months, before falling to stand at 495,900 in February 2007.
The trend unemployment rate generally fell from 8.4% in February 1997 to 6.1% in September 2000. After rising to 7.0% in October 2001, the trend fell to 5.1% in July 2005. After remaining steady for 18 months, the trend has fallen to stand at 4.6% in February 2007.
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