Jobs in search of workers in November
Geez the Aussie economy was gearing up in November… We learned on Tuesday that retail sales surged to a record $33 billion during the month, up an impressive 7.3% on October. And yesterday, the Bureau of Stats said 396,100 jobs were advertised across the country in November, which was a sharp improvement as 2021’s lockdowns ended. “The level of job vacancies in November 2021 was 74.2% higher than in February 2020, prior to the start of the pandemic,” the bureau said. And then Omicron… It will be a few weeks until we get an official look at how much the new COVID strain has impacted the economy’s recovery, but the World Bank yesterday issued a sobering global forecast for 2022. President David Malpass warns that growth will slow to 4.1% this year from 5.5% in 2021. That’s because there will be ongoing virus threats, government aid is winding up, and the initial rebound in demand will fade. Nothing’s easy…
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