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Back to 2010 levels and still falling for ANZ-Indeed job ads:
ANZ-Indeed Australian Job Ads declined 2.1% m/m in May, and the series is down 8.2% since the end of last year.
More to come as Treasurer Chalmers’ endless per capita recession guts two-thirds of the economy.
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Expect wages to keep falling, too:
It is incredible how just two macro mistakes—in energy and immigration—could prove so disastrous for living standards.
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That’s why it’s called “macro”.
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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