Australia’s jobs market implodes

David Llewellyn-Smith

Wednesday 8 May 2024

Here you go, Albo. You wanted it, you got it, SEEK drops a neutron bomb on the labour market:

Tumbling jobs everywhere:

Armies of cheap foreign labour everywhere to force down wage growth:

Albonoics will have you scrubbing toilets for 50 cent per day in a few more years.

Let’s start with the fools at the ABS, AFR and the RBA.

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.