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The Australian Bureau of Statistics (ABS) has released job vacancies data for the May quarter, which recorded a 1.1% seasonally adjusted fall in the number of vacancies over the quarter:
Over the year, job vacancies rose by 1.8% in seasonally adjusted terms and by 4.2% in trend terms.
NSW (-7.8%), VIC (-6.0%), QLD (-7.9%) and WA (-13.3%) drove the fall in job vacancies in the May quarter:
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About the author
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.