Skilled vacancies slump in April

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Macrobusiness posts on the slump in Skilled Vacancies. They fell 7%mom in April, declining in all States and in all sectors.

The comports with other leading indicators, and suggests to me that the unemployment rate will rise from here.


    1. I would not have thought that PAYG tax reciepts are a leading indicator. If you have links covering the various relationships, please post them to the comments section.

      Sent from my iPad

  1. They are only to March but they show Nominal growth on target and employment and wages a tad strong.
    I agree more a coincident indicator

    1. Chris joye has the CBA charts here. The relationship looks uneven at best – i suppose due to tax changes. In particular, i wonder about the so called strength in labour incomes, given the qld flood levy and a few other tax tweaks.

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