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The Department of Employment and Education job ads series for May is out and fell 3.1% in the month:
Too early and thin to ring alarm bells but more evidence of a very soggy labour market and very poor “recovery”:
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Of more concern perhaps, losses were universal:
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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.
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