Job ads decline
The high watermark for job adverstisements has passed, with online ads dropping 2.5 per cent to 254,600 in December.
Activity is still very high, mind you, and remained close to the highest level since October 2008 at above 250,000.
Source: LMIP
The sharpest monthly declines were recorded in the ACT (-9 per cent), Victoria (-5.8 per cent) and New South Wales (-3.7 per cent).
Queensland and Western Australia remained solid.
Regional recruitment activity remained strong in December, although anecdotally many regional business have been hurting too lately, in part due to a lack of patronage from holiday makers.
If you follow my Twitter feed, you'll have seen some of the photos of Sydney this week, and the City is clearly very quiet as many office-based businesses have reverted to working from home practices.
It does look as though the peak is just about in for virus hospitalisations in New South Wales and Victoria, though, and the booster rollout is gathering some decent pace, so things will likely look considerably brighter in February.
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(Elizabeth Street, and Martin Place).
