From the Department of Employment and Education today:
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…