A modest in improvement in jobs ahead

Friday, 17 February 2017

A few more charts on the labour market today from Morgan Stanley:

There’s a modest improvement in the pipeline for the next six months. It takes 20k jobs per month to stabilise the unemployment rate. We’ll be hard pressed to deliver that over the next six months.

Then the dwelling construction bust is upon the east. In 2018 it hits in earnest.

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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.