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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
AUSTRALIA DATA
Job vacancies in the 3 months to February fell sharply across both the public and private sectors but remain elevated. They were down 6.1% q/q after -0.8% q/q in Q4. At 364k they are their lowest since Q3 2021, but still 57% higher than Q4 2019. Vacancies-as-a share-of-unemployed, an indicator watched by the RBA, eased further at the start of 2024 but at 64% is almost double the 2019 average. The labour market remains tight and further easing will be needed to ensure inflation returns sustainably within the band.
- The RBA looks at a range of indicators and they are generally showing a gradual easing in the labour market, including vacancies, underemployment and hours worked, but recently the unemployment rate has turned down again including for the under 25s.
Australia vacancies % unemployed
Source: MNI - Market News/Refinitiv/ABS
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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