Victoria sinks jobs recovery

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Callam Pickering, economist at global jobs site Indeed, has updated his weekly job postings series.

Job postings in Victoria are tracking 48% below last year’s trend. For the rest of the country, the gap is 28%. Thus, Victoria is now 20% than the rest of the nation, compared to a gap of only 3.4% points in early July:

Callam has also done some nice analysis of yesterday’s payrolls data from the ABS. This shows that the jobs recovery was already slower in Victoria than elsewhere before the second-wave. However, the gap increased considerably in July, with payrolls in Victoria now 6.7% below their level in mid-March, compared with 3.7% elsewhere:

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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.