Monthly inflation, job ads still weak

Tuesday 3 November 2020

A couple of data point from yesterday:

ANZ Australian Job Ads rose 9.4% m/m in Oct. While still 13.5% below the Feb level, Melbourne’s reopening will boost numbers from Nov, but we think Job Ads will need to exceed pre-pandemic levels for some time to reduce underutilisation. #ausecon #ausbiz @cfbirch pic.twitter.com/btfnXGKkUR

— ANZ_Research (@ANZ_Research) November 2, 2020

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.