Missed this one yesterday. A big fall is inevitable from here:
ANZ Australian Job Ads decreased 1.1% m/m in July. Even if labour demand growth is starting to ease, we don’t think this will translate immediately into rising underutilisation. In fact, we now forecast unemployment to fall below 3% by early-2023. @cfbirch @arindam_chky #ausecon pic.twitter.com/uiQ3RevUYj
— ANZ_Research (@ANZ_Research) August 1, 2022
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