ABS job vacancies give false hope
Advertisement
The Australian Bureau of Statistics (ABS) has released job vacancies data for the November quarter, which recorded a 1.7% seasonally adjusted rise in the number of vacancies over the quarter but a 0.4% decrease in trend terms:

Over the year, job vacancies fell by 0.9% in seasonally adjusted terms and by 2.3% in trend terms.
NSW (+9.7%) drove the rise in job vacancies in the November quarter:
Advertisement

The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.