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PRINCIPAL LABOUR FORCE SERIES TREND ESTIMATES
The trend estimate of unemployed persons generally fell from 713,000 in October 1998 to 583,000 in September 2000, before rising to 681,100 in October 2001. The trend generally fell to 459,500 in February 2008, before generally rising to stand at 478,900 in October 2008.
The trend unemployment rate generally fell from 7.6% in October 1998 to 6.0% in September 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 4.3% in October 2008.
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