Labour market loosens
More signs that supply and demand in the labour force are coming back into balance.
The difficulty rate for recruiting staff fell 9 percentage points in the capital cities in a month in September.
Source: Aus Gov, Labour Market Insights
The staffing outlook has also cooled substantially.
Source: Aus Gov, Labour Market Insights
Recruitment activity was fairly flat over the month, reflective of there having been no net employment growth since June.
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Australia's terms of trade began to fall in Q3, as export prices decline.
History suggests strong odds of bulk commodity prices getting creamed from here, leading to a nasty income shock.
It's not hard to see from the index figures that a very significant bulk of Australia's inflation has been imported, with the import price index up 3 per cent in Q3, and a punishing 19.3 per cent over the past year.
This painful pace of increase should face from here as global recession risks rise and supply chains are freed up.
