Posts tagged "abs data on job markets"

The number of unemployed people to job vacancies rose to 1.5% in November, still well below the pre-COVID figure of 3.1%.

The labour market has so far shaken off a bout of high inflation and a series of interest rate hikes through forward-looking indicators, such as job ads and vacancies, signal weakness.

A slowing pace of annual growth in payroll jobs, which tracks the number of employees on employer payrolls, points to a slowdown in labour market growth.

Wages are up and profits are down as the unemployment rate hovers at record lows and businesses scour the country, desperate for available workers.