Down we go
Job advertisements fell again in October, and have now declined -11.4 per cent over the year according to ANZ.
One holiday blip aside, this leaves the trend at a multi-year low and falling...
Construction industry employment is now expected to decline, and ANZ noted that employment growth accordingly won't hold up for much longer.
The shape of the chart mirrors that of the ABS series for job vacancies, which is also now retracing.
Treasurer Frydenberg wrote in the AFR that there will be no change to the monetary policy conduct statement, which theoretically allows even more time for inflation to return to target.
This move may better explain or align with market pricing on interest rates.
But it's still hard to see how we'll get anywhere close to full employment - especially in the context of the above chart.
Treasurer Frydenberg wrote in the AFR that there will be no change to the monetary policy conduct statement, which theoretically allows even more time for inflation to return to target.
This move may better explain or align with market pricing on interest rates.
But it's still hard to see how we'll get anywhere close to full employment - especially in the context of the above chart.
