Don’t be fooled by Morrison’s benevolence – soon it’s back to tax cuts and smaller government

‘Doubling Newstart? Free childcare? A wage
 subsidy that is very close to a universal
 basic income? All previously dismissed as
unaffordable or even “communist” are
now government policy.’

This week the latest job vacancy figures were released, and as with so much economic data they were laughably out of date the moment they were published.

In the February quarter the number of job vacancies barely fell, but the number of unemployed in that time fell by a bit more. It meant the average number of unemployed per job vacancy across Australia dropped from 3.1 to 3 persons.

It’s ludicrous, of course.

Now the numbers are nowhere near that.

Just how bad they are is tough to estimate. Callam Pickering, economist at global job site Indeed, estimates that currently job adverts are running about 33% below what they were last year.

It would actually be surprising if they don’t drop by more – during the 1990s recession they fell by half.

Read the story from The Guardian by Greg Jericho - “Don’t be fooled by Morrison’s benevolence – soon it’s back to tax cuts and smaller government.”