The ABS yesterday released a new experimental series on Australia’s labour market, which examines the number of filled jobs in Australia (as opposed to the number of people in work), which suggests that the labour market is weakening:
The total number of filled jobs in Australia grew slowly in the March quarter 2019, according to new figures released today by the Australian Bureau of Statistics (ABS). Filled jobs (that is, jobs with a person in them) increased by around 0.2 per cent in the quarter, and 2.8 per cent over the year, in seasonally adjusted terms.
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
