Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Thursday 14 November 2019

Seek jobs ads down 8pc

Job ads sinking

Seek's job advertisement figures for October 2019 were negative year-on-year, in line with other job vacancies surveys.

Year-on-year ads were down -7.8 per cent.

The New South Wales jobs boom is finally over as construction slows, with ads down by -14.5 per cent over the year. 


Source: Seek

Analysis by Greg Jericho at The Guardian showed that full employment and wages growth might not happen until the unemployment rate hits 3½ per cent. 

Buckley's chance of that as unemployment looks more likely to rise further based on these numbers.