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PRINCIPAL LABOUR FORCE SERIES TREND ESTIMATES
The trend estimate of unemployed persons generally fell from 769,300 in December 1996 to 583,800 in September 2000, before rising to 685,800 in October 2001. The trend then fell to 532,900 in January 2005, remained relatively stable for 18 months, before falling to stand at 498,000 in December 2006.
The trend unemployment rate generally fell from 8.4% in December 1996 to 6.1% in September 2000. After rising to 7.0% in October 2001, the trend fell to 5.1% in January 2005. After remaining relatively stable for 18 months the trend has fallen to stand at 4.6% in December 2006.
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