Albo imports army of unemployed

Friday 11 August 2023

Another triumph for Albo’s fake left today as the swiftly slowing jobs market is overrun by Albo’s army of imported unemployed. Falling wage growth for Albo’s voter base is guaranteed next.

SEEK:

Jobs applicants are now well above the worst of the mining crash lowflation period of 2015-2020:

As Roy Morgan has noted, the labour force is growing much faster than the jobs market:

Unemployment is going to rocket in due course:

Albo from the Projects is doing his thing.

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.