Australian job postings collapse by 24%

Economist Callam Pickering has posted alarming data at job site Indeed showing that job postings in Australia have collapsed by 24% versus the same time last year, with weakness apparent “across almost every occupational group” other than healthcare and supermarkets:

At the same time, searches for supermarket jobs have surged to record highs:

This comes as former ANZ chief economist, Warren Hogan, yesterday forecast that Australia’s unemployment rate could hit between 15% and 17% by Easter:

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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.