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Find below a new note from ANZ showing the last quarter’s and last year’s jobs growth by industry sector:
The annual chart is all about mining and related industries growth. But the quarterly chart is the reverse as the boom slows:
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Unemployment is going to rise. Full report below.
ANZ Australian Economic Update – Labour Force August Quarterly Detail 2012 (1)
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.