DEEWR Skilled Vacancies smacked again

Advertisement

I know, I know, the accelerating down trend and falling seasonally adjusted results are meaningless in Australia’s job market, which powers ahead even as vacancies head quickly for the GFC low. But as your editor I must still report that DEEWR Skilled Vacancies tanked again in August, down another 3.7%.

The losses are now widespread across states and occupations:

Advertisement

Most pointed is that the growth in boom sectors like engineering is easing too.

That’s five straight months of falls. This data is indicating that unemployment is going to rise.

Vacancy Report August 2012

Advertisement
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.