Brad Olsen: Infometrics Principal Economist on the falling number of job ads
After peaking at record highs the past few months, it appears the job market is starting to slow down. Seek's latest employment figures for September show a 4% dip in applications per job compared to the month prior. The number of job ads have also fallen by 2% month on month, and by 25% compared to last September. Infometrics Principal Economist, Brad Olsen, told Mike Hosking that despite the number of job ads being down by 25%, the number of jobs is up by 3.3%. He said that it’s encouraging from a macroeconomic point of view, as businesses who are looking at a darker economic outlook are unlikely to be hiring as many people. LISTEN ABOVE See omnystudio.com/listener for privacy information.