Low level of vacancies suggests sluggish labour market to continue in short-term

There doesn’t appear to be any recovery in Queensland’s jobs market coming in the next few months with job vacancies remaining at relatively low levels (see the chart below based on today’s new ABS job vacancies data).

VacanciesGiven the relatively lacklustre labour market, I’d expect net interstate migration to Queensland to remain at recent low levels for a while yet (see chart below based on today’s new ABS demographic data).

populationchangeI’ve previously asked:

When will interstate migration to Queensland recover?

Also see Queensland Treasury’s briefing on today’s new demographic data.

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