There is no “great resignation” in Australia

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The ABS has released an interesting report on Australian job mobility, which is derived of the quarterly labour force statistics.

The report counters concerns that the “The Great Resignation” being experienced in the United States and elsewhere is being replicated in Australia.

While staff turnover has picked up over recent quarters in Australia, this is not out of line with historical experience and largely reflects delayed/deferred job mobility post lockdowns:

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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.