Find below the DEEWR Leading Employment Indicator for August:
DEEWR’s Monthly Leading Indicator of Employment (Indicator) has fallen in August 2013, after a very slight rise in the previous month and five consecutive monthly falls immediately before then. This is close to a confirmation that employment is likely to continue to grow more slowly than its long-term rate of 1.5 per cent per annum over coming months. The Indicator is weighed down in August by a drop in the trend values of the Westpac-Melbourne Institute Consumer Sentiment Index. Cyclical employment has fallen for three consecutive months.
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.
