Callam Pickering, economist at global jobs site Indeed, has updated his job postings series to 30 July, with the impact of lockdowns beginning to have an adverse impact.
On July 30 they were tracking 49.0% ahead of their level on February 1 last year, our pre-pandemic baseline, after adjusting for seasonal trends.
The Australian economy has taken a hit in recent weeks, with both Sydney and Melbourne plunged into hard-lockdown. Melbourne has been in-and-out of lockdown since May, recently emerging once again. Sydney, however, has been in lockdown since late June, with the current lockdown extended until at least August 28.
The full text of this article is available to MacroBusiness subscribers
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.
