Student of the Markets
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Another Aussie employment indicator crashes
Ahead of the Australian Bureau of Statistics (ABS) June labour force release later today, Jobs & Skills Australia published its internet vacancy index (IVI), which plunged by 4.2% in June to be down 18.1% year-on-year. It was the “strongest monthly decline since September 2022”, with online job advertisements 50,200 lower than June 2023. Recruitment activity decreased across all states and territories and across all skill-level groups. The following chart from Justin Fabo at Antipodean Macro shows the broad-based decline in job vacancies across the various measures: chart The decline in the IVI job ads ... (full story)
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- Jul 17, 2024 9:32pm Jul 17, 2024 9:32pm
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dchristi - | Joined Jan 2012 | Status: Member | 93 Comments
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- Posted: Jul 17, 2024 9:18pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 3,422
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