In June 2025, Australian employment data showed a modest increase in total employment by 2,000 jobs, falling short of the forecasted 20,000 and improving from a previous decline of 2,500. However, full-time employment decreased by 38,200 positions compared to a prior increase of 38,700, while part-time employment rose by 40,200 after a previous decline of 41,100. The Australian unemployment rate increased to 4.3% from 4.1%, exceeding expectations. Meanwhile, the UK labor market reported a decline of 41,000 in employment, worse than the forecasted drop of 35,000 but an improvement from the previous 109,000 decrease. Unemployment in the UK rose by 25,900, above the forecast of 21,000 but lower than the prior increase of 33,100. UK retail sales volumes grew by 0.9% month-over-month in June, rebounding from a revised 2.8% decline in April. Year-over-year, UK retail sales increased 1.7%, outperforming the previous year's 1.3% decline but slightly below the 1.8% estimate. Core retail sales in the UK rose 0.6% month-over-month and 1.8% year-over-year, both figures better than the prior declines but marginally below forecasts. These figures indicate a mixed employment outlook in Australia and the UK, with retail sales in the UK showing signs of recovery.
#UK Retail Sales Inc Auto Fuel (M/M) Jun: 0.9% (est 1.2%; prev -2.7%) - Inc Auto Fuel (Y/Y): 1.7% (est 1.8%; prev -1.3%) - Ex Auto Fuel (M/M): 0.6% (est 1.2%; prev -2.8%) - Ex Auto Fuel (Y/Y): 1.8% (est 1.9%; prev -1.3%)
Some better news for the UK economy this morning 👍 Retail sales volumes (quantity bought) are estimated to have risen by 0.9% in June 2025,
UK June Core Retail Sales Rose by 0.6% From Last Month, Better Than The Expected 1.2% But Higher Than Last Month's Decline Of 2.8% 🇬🇧🛍️📈