Falling job mobility a headwind for wage growth


Data from the Australian Bureau of Statistics (ABS) shows that the nation’s job mobility rate has fallen to around pre-pandemic levels.

About 8% of Australians changed jobs in the year to February, compared with 9.6% in the previous corresponding period.

Some 27% did so in order to get a better job or because they wanted a change, while 11% left their job due to retrenchment.

Main reason for leaving job

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.