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These job ads indicators are unreliable at the moment because the “great resgination” has materially increased job churn.
With Sydney, Melbourne and Canberra emerging from prolonged lockdowns, ANZ Job Ads rose 6.2% m/m in October. This put it back on par with the June peak prior to the Delta lockdowns and signals the beginning of a rapid rebound in #employment and hours worked. #ausecon @cfbirch pic.twitter.com/EMk4nHyoqC
— ANZ_Research (@ANZ_Research) November 1, 2021
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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.
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