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Australia’s labour market has been gradually softening over the past year.
This softening is evident in the gradual rise in Australia’s unemployment rate:
As illustrated below by AMP chief economist Shane Oliver, the various measures of job openings have also weakened:
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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.