Payrolls flame out

Friday, 12 August 2022

Job ads have now peaked in the ANZ index, Seek index and Skilled Vacancies index. Yesterday, ABS Payrolls joined the great flame out:

The declines were broad-based for the private setor:

The jobs market has begun to soften just as Albo cowards prepare the smash wages:

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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.