DEEWR leading jobs index falls again

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From the Department of Employment and Education today:

sdvs

The Department of Employment’s Monthly Leading Indicator of Employment (the Indicator) has fallen for the seventh consecutive month in May 2014. This signals that employment is likely to grow more slowly than its upwardly revised long-term trend rate of 1.2 per cent per annum over coming months, because the Indicator has fallen for at least six consecutive months. In contrast, cyclical employment has risen for three consecutive months (after falling for 10 months previously).

Seven months in a row down…

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.