With the health of the labour market front and centre of the debate over the economy and the outlook for official interest rates, next week’s job vacancy data will shed more light on the demand for labour. Since the low point in 2013, the number of job vacancies has been trending higher, albeit as a moderate pace. The market consensus is for another moderate rise in the number of job vacancies, even though the hard data on economic growth has been generally disappointing since the start of the year.
Source: RBA
