DEEWR Leading Indicator of Employment rises again

The DEEWR leading employment indicator for October was released today and showed a small rise, which is three on the trot:

DEEWR’s Monthly Leading Indicator of Employment (Indicator) has risen for the third consecutive month in October 2012, after falling for seven consecutive months previously. It is still too early to confirm that a renewed quickening in the pace of employment growth above its (revised) long-term trend rate of 1.6 per cent per annum is in prospect, because the Indicator has risen for fewer than six consecutive months. Cyclical employment has continued its downward trajectory, having now fallen for twenty consecutive months.

Indeed it is too early but at least it is rising.

LIOE 1012

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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.