Little joy in latest job vacancies data

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After yesterday’s ABS job vacancies data for the November quarter revealed a slight uptick:

CommSec’s perma-bull chief economist, Craig James, was quick to put lipstick on a pig:

Commsec’s Craig James said: “There are jobs to be had, especially, it seems in the public sector. And the surge in online sales has boosted jobs in wholesale trade to seven-year highs.

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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.