Australian Economy

Unemployment expectations lift

David Llewellyn-Smith
Wednesday 15 February 2017
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From Westpac:

Worth noting this month:

  1. The 3% jump in the month is well within normal monthly volatility and the trend is broadly flat.
  2. Sydneysiders are the most optimistic when it comes to the labour market while Sandgropers are the most pessimistic.
  3. Expectations are not as soft as total employment suggests they should be.
  4. Paraprofessionals/trades are the most worried about the labour market.
  5. The Job Index has strengthened ahead of expectations suggesting a near term improvement in employment and expectations.
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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.