The Internet Vacancy Index (IVI) declined by 0.9% in trend terms in June 2015, and is 0.3% (or 500 vacancies) lower than the level recorded a year ago. With the decline over the month, the level of vacancies is now 154,400 (or 50.4 per cent) below the March 2008 peak. This suggests that labour market conditions are likely to remain relatively subdued, at least in the near term.
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.
