Callam Pickering, economist at global jobs site Indeed, has released new data showing that, as of last Friday, Sydney’s and Melbourne’s lockdowns had minimal impact on Job Postings; although Pickering expects the situation to change as lockdowns drag on:
As of last Friday, there has been minimal impact on job postings from the lockdowns in Victoria and NSW. I’d expect that to change – given how long these states will be in lockdown – but so far very little movement.
Overall, job postings remain very strong and that is typically a good sign for future employment. In the near-term though employment trends are going to be driven by lockdowns.
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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.
