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PRINCIPAL LABOUR FORCE SERIES TREND ESTIMATES
The trend estimate of unemployed persons generally fell from 725,900 in May 1998 to 582,900 in September 2000, before rising to 681,000 in October 2001. The trend generally fell to 460,100 in February 2008, before rising slightly to stand at 465,500 in May 2008.
The trend unemployment rate generally fell from 7.8% in May 1998 to 6.0% in September 2000. After rising to 7.0% in October 2001, the trend has generally fallen to stand at 4.2% in May 2008.
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