Jobs ads falling
The Reserve Bank's Lowe noted this week that mining investment is expected to increase over the next year.
It needs to.
Engineering construction activity plunged -15 per cent in FY 2019 as the infrastructure boom lost some momentum.
Activity in the NT has fallen by nearly three-quarters over the financial year, as Ichthys no longer pumps up the figures.
In other - though not unrelated - new, Internet Vacancies Index fell for an 8th consecutive month to be 6 per cent lower than a year earlier.
Source: Department of Employment
The slowdown in the economy may have come as a surprise, but it's real.
The unemployment rate has lifted from 4.9 per cent to 5.3 per cent, so far, which is a long way the the assumed rate for full employment at 4½ per cent.
The unemployment rate has lifted from 4.9 per cent to 5.3 per cent, so far, which is a long way the the assumed rate for full employment at 4½ per cent.
