Core Viewpoint - The Australian labor market remains tight with an unemployment rate of 4.1% in January 2026, unchanged from December 2025, indicating near full capacity of the economy and increasing the risk of earlier interest rate hikes by the Reserve Bank of Australia [1][2]. Group 1: Employment Data - In January 2026, the seasonally adjusted employment number increased by 0.1% month-on-month and approximately 1% year-on-year, reaching 14.7038 million [1]. - The number of unemployed individuals decreased by about 0.3% month-on-month and approximately 0.1% year-on-year, totaling 624.7 thousand [1]. - Monthly working hours increased by 0.6% month-on-month, while the underemployment rate rose by 0.2 percentage points to 5.9% [1]. Group 2: Trend Data - The trend data shows a decrease in the unemployment rate from 4.2% to 4.1% month-on-month, with employment numbers growing by about 0.2% month-on-month and approximately 1.2% year-on-year, reaching 14.7058 million [1]. - The number of unemployed individuals decreased by about 1.3% month-on-month but increased by approximately 4.2% year-on-year, totaling 636.3 thousand [1]. - The monthly working hours increased by 0.2% month-on-month, and the underemployment rate remained stable at 5.9% [1]. Group 3: Labor Market Insights - The labor force participation rate in January 2026 was 66.7%, which is 0.6 percentage points lower than the historical high recorded in January 2025 [1]. - The underemployment rate rose to 5.9%, and the labor force underutilization rate reached 10% [1]. - Chief Economist Anders Magnusson noted that the 4.1% unemployment rate confirms a tight labor market, contradicting the Reserve Bank of Australia's forecasts and increasing the risk of earlier interest rate hikes [2].

Core Insights - The non-farm payroll employment is projected to increase by 65,000, with a range of predictions from a decrease of 10,000 to an increase of 135,000 among 80 economists surveyed [1][5]. Group 1: Employment Data - The labor force participation rate is at 62.5%, up from 62.4% the previous month [2][6]. - Average hourly wages increased by 0.4% compared to the previous month, exceeding the forecast of a 0.3% increase; the prior month saw a 0.1% increase [2][7]. - Private sector non-farm employment rose by 172,000, compared to an increase of 64,000 the previous month; the forecast was for an increase of 68,000, with predictions ranging from 25,000 to 140,000 [2][7]. - Manufacturing non-farm employment increased by 5,000, reversing a decrease of 8,000 the previous month; the forecast was for a decrease of 7,000, with predictions ranging from a decrease of 10,000 to an increase of 5,000 [2][7]. Group 2: Unemployment Metrics - The unemployment rate is at 4.3%, down from 4.4% the previous month; the forecast was for 4.4%, with predictions ranging from 4.3% to 4.5% [3][7]. - The underemployment rate is at 8%, down from 8.4% the previous month [4][7].

Group 1 - The unemployment rate for local residents in Macau remains at 2.3% for the period from October to December 2025, unchanged from the previous period [1] - The underemployment rate for local residents is maintained at 2.0% [1] - The median monthly income for employed residents in the fourth quarter of 2025 is 20,000 Macau Patacas, while the median income for the employed population is 17,300 Macau Patacas [1] Group 2 - The employment survey covers all residential units in Macau Peninsula, Taipa, and Coloane, excluding collective living units such as school dormitories and nursing homes [1]

Core Viewpoint - The unemployment rate in Australia decreased from 4.3% to 4.1% in December 2025, indicating a positive trend in the labor market [1] Employment Data Summary - Seasonally adjusted employment increased by 0.4% month-on-month and approximately 1.1% year-on-year, reaching 14.6841 million [1] - The number of unemployed individuals decreased by about 4.5% month-on-month and increased by approximately 4.2% year-on-year, totaling 628,600 [1] - Monthly working hours rose by 0.4%, while the underemployment rate fell by 0.5 percentage points to 5.7% [1] Trend Data Summary - The trend data shows a decrease in the unemployment rate from 4.3% to 4.2% month-on-month [1] - Employment numbers grew by approximately 0.2% month-on-month and about 1.2% year-on-year, reaching 14.6861 million [1] - The number of unemployed individuals decreased by about 1% month-on-month and increased by 6.2% year-on-year, totaling 646,600 [1] - Monthly working hours increased by 0.2%, with the underemployment rate remaining stable at 5.9% [1] Youth Employment Impact - An increase in the number of young individuals aged 15 to 24 entering the job market contributed to the overall employment rate improvement and the reduction in the unemployment rate [1]

Group 1 - The seasonally adjusted unemployment rate in Hong Kong for October to December 2025 remains at 3.8%, unchanged from the previous three-month period [1][2] - The underemployment rate increased by 0.1 percentage points to 1.7% during the same period [2] - Total employment decreased from 3,669,900 in September to November 2025 to 3,667,000 in October to December 2025, a reduction of approximately 2,900 individuals [1] - The total labor force also declined from 3,814,300 to 3,805,200, a decrease of about 9,100 individuals [1] - The number of unemployed individuals fell from 144,400 to 138,200, a decrease of approximately 6,200 [1] Group 2 - The employment situation varied across different industries, with slight changes in unemployment rates [1] - The underemployment rate saw an increase primarily in the transportation and information and communication sectors, while the cleaning and similar activities sector experienced a decline [1] - The Secretary for Labour and Welfare, Sun Yuhan, indicated that the ongoing economic growth and improved consumer sentiment should help stabilize the labor market, although some sectors may continue to face challenges [2]

Core Insights - The unemployment rate in the Philippines decreased to 4.4% in November 2025, down by 0.6 percentage points from October [1] - The number of unemployed individuals in November 2025 was 2.25 million, a reduction of 290,000 from October [1] - The labor force participation rate increased to 64.0%, up by 0.4 percentage points from October, indicating enhanced labor market activity [1] Employment Sector Analysis - The services sector accounted for the highest employment, with 30.59 million jobs in November 2025, representing 62.1% of total employment [1] - Agriculture and industry contributed 20.0% and 17.9% to total employment, respectively [1] - Significant year-on-year employment growth was observed in public administration, defense, compulsory social security, education, and administrative support services [1] - Month-on-month increases in employment were noted in wholesale and retail, as well as automotive and motorcycle repair sectors [1] Employment Quality Improvement - The underemployment rate in the Philippines improved to 10.4% in November, a decrease of 1.6 percentage points from October [1] - Underemployment indicates that workers are seeking more hours or better job opportunities [1] Youth Employment Trends - The unemployment rate for the youth aged 15 to 24 years was 11.7% in November 2025, down by 2.4 percentage points from October [1] - The youth underemployment rate was 9.4%, a decline of 1.6 percentage points from October [1]

Group 1 - The unemployment rate in Hong Kong for the period from September to November 2025 remains at 3.8%, unchanged from the previous three months [1][2] - The underemployment rate also remains stable at 1.6% during the same period [2] - Total employment decreased from 3,672,700 in August to 3,669,900 in November, a reduction of approximately 2,800 individuals [1] - The total labor force declined from 3,822,300 to 3,814,300, a decrease of about 8,000 individuals [1] - The number of unemployed individuals fell from 149,600 to 144,400, a decrease of approximately 5,200 [1] - The number of underemployed individuals remained relatively stable, with 60,900 in November compared to 60,800 in October [1] Group 2 - The Secretary for Labour and Welfare, Sun Yuhan, commented on the latest unemployment figures, indicating a stable labor market supported by economic expansion and improved consumer confidence [2] - However, some industries may still face employment challenges due to business pressures [2]

Core Viewpoint - The unemployment rate in Australia remained stable at 4.3% as of November 2025, according to the Australian Bureau of Statistics [1] Employment Data Summary - The number of employed individuals in Australia decreased by 0.1% month-on-month but increased by approximately 1.3% year-on-year, reaching 14.6557 million [1] - The number of unemployed individuals decreased by about 0.3% month-on-month but increased by approximately 11.7% year-on-year, totaling 662,300 [1] - Monthly working hours saw a slight decrease, while the underemployment rate increased by 0.4 percentage points to 6.2% [1] Labor Market Insights - Over the past six months, Australia's unemployment rate has consistently been at 4.3% for five of those months [1] - The year-on-year employment growth of 1.3% is below the population growth rate of 2.0% during the same period [1]

Core Viewpoint - The unemployment rate in the Philippines rose to 5.0% in October, marking an increase of 1.2 percentage points from September, with the unemployed population reaching 2.54 million [1]. Employment Data - The unemployment rate in October was 5.0%, up from 3.8% in September, with an increase of 580,000 unemployed individuals [1]. - The labor force participation rate decreased to 63.6%, down by 0.9 percentage points from September, indicating a weakening labor market [1]. Sector Analysis - The services sector employed the most individuals, with 29.46 million jobs, accounting for 60.6% of total employment [1]. - Agriculture and industry represented 21.5% and 17.9% of total employment, respectively [1]. - Employment in professional and technical activities, water supply and sewage treatment, and other service activities saw significant declines both year-on-year and month-on-month [1]. Employment Quality - The underemployment rate increased to 12.0%, rising by 0.9 percentage points from September, indicating that workers are seeking more hours or better job opportunities [1]. Youth Employment - The unemployment rate for the youth aged 15 to 24 reached 14.1%, an increase of 2.5 percentage points from September and higher than the 12.5% recorded in the same period last year [1].

Group 1 - The seasonally adjusted unemployment rate in Hong Kong decreased from 3.9% (July to September 2025) to 3.8% (August to October 2025) [1] - The total employment number slightly declined from 3,674,500 to 3,672,700, a decrease of approximately 1,800 individuals [1] - The total labor force also saw a reduction from 3,830,100 to 3,822,300, decreasing by about 7,800 individuals [1] Group 2 - The unemployment number (not seasonally adjusted) fell from 155,600 to 149,600, a reduction of around 6,000 individuals [1] - The underemployment rate remained unchanged at 1.6% during the same period [2] - The Secretary for Labour and Welfare, Sun Yuhan, indicated that the labor market is expected to receive support from a steadily improving business environment and recovering consumer confidence [2]