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The Australian Bureau of Statistics (ABS) yesterday released a brand new survey on job mobility, which recorded the lowest rate of job switching on record:
During the year ending February 2021:
- 975,000 or 7.5% of employed people changed jobs, the lowest annual job mobility rate on record
- Job mobility remained highest for professionals, at 21% of those who changed jobs
- 1.8 million people left or lost a job
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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.