Finally, an economist outside of MB has cottoned onto what is happening. Jason Murphy at Yahoo.
The actual number of job applications per job ad is a trade secret so the movement of the red line is what matters. What is important is the rate of applications per ad has nearly tripled since 2022. That speaks of a country very eager to find work.
The official Labour Force statistics measure unemployment using a survey. The survey goes out to a group of people every month. But the group of people it goes to is not a random bunch every month.
