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PRINCIPAL LABOUR FORCE SERIES TREND ESTIMATES
The trend estimate of unemployed persons generally fell from 765,500 in May 1997 to 583,100 in September 2000, before rising to 681,400 in October 2001. The trend then fell to 531,900 in January 2005, remained relatively stable for 12 months, before falling to stand at 472,100 in May 2007.
The trend unemployment rate generally fell from 8.3% in May 1997 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 May 2007.
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