Is it a jobs boom or quits boom?

Friday 29 October 2021

Earlier today Leith posted some charts from a market jobs provider showing a big jump in job ads post-lockdown.

There are some quite unusual questions to be asked about this kind of data at the moment.

The first is whether or not more jobs ads are reflective of an expanding jobs market or only increased churn within it. There is a quits boom going on, driven by Millennial dissatisfaction:

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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.