ABS job vacancies are garbage

Friday 27 June 2025

According to the ABS, Australia continues to experience unprecedented labour demand.

The problem is that the index is the worst available. Private measures are far below and heading back into the lowflation period.

Goldman explains the ABS rubbish measure:

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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.