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But not very far yet…
ANZ Australian Job Ads declined 0.5% m/m in Sep but remained very close to its June peak and 56.5% above its pre-COVID level. This shows tightness in the labour market is not yet letting up, consistent with other leading labour market indicators. @cfbirch @arindam_chky #ausecon pic.twitter.com/4jnGRXCbJg
— ANZ_Research (@ANZ_Research) October 4, 2022
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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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