Job ads down, applicants up, wages to fall

Tuesday 10 October 2023

Seek’s monthly job ads data is out:

Here is my chart of the data:

As you can see, applicants per job is back to about 2015 level and fast converging on the mining crash years post-2012 when wages were belted.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.