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The DEEWR Job Vacancy Index for January (covering December) is out and shows no abatement in job ad losses down 2.8% for the month and 24.8% over the year:
There was a glimmer of hope in the falls being less widespread with four industry groups adding job ads, but all major states are still falling:
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The skilled vacancy component was worse still, down by 3.8% on the month led by engineers which appear to be suffering something of a bust, down 30-40% year on year:
Another glimmer of hope was the small rise on construction trades. But another weak report overall.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.