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PRINCIPAL LABOUR FORCE SERIES TREND ESTIMATES
The trend estimate of unemployed persons generally fell from 732,100 in January 1998 to 583,000 in September 2000, before rising to 681,200 in October 2001. The trend then generally fell to 469,500 in July 2007 before fluctuating slightly to stand at 473,800 in January 2008.
The trend unemployment rate generally fell from 7.9% in January 1998 to 6.0% in September 2000. After rising to 7.0% in October 2001, the trend has generally fallen to stand at 4.3% in January 2008.
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