DEEWR job vacancies going absolutely nowhere

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The Department of Employment and Education (DEEWR) job vacancies index for October is out and was flat:

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The trend is flat to falling and to describe this as a “recovery” would be flattering:

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Growth was up in NSW but, worryingly, the only other solid contribution was from WA, which is going to reverse in 2015, to put it mildly:

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Skilled was weak wall-to-wall:

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Needless to say, not the kind of market you should add cheap foreign labour to. Full report here. 

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.