@CallamPickering

APAC senior economist at @IndeedAU. Former RBA economist and economic journalist. Sports lover, avid reader and pretty opinionated. Active: #ausbiz #auspol

 Melbourne, Victoria
hiringlab.org/au/
Joined March 2013
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Not sure there are any real people left on here, but if you're not a bot feel free to follow me over at the good place. bsky.app/profile/callampicke…
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Australian job growth over the past year was concentrated in construction (+63k), healthcare & social assistance (+56k) and education & training (+48k). Agriculture, forestry & fishing was the only industry where total jobs fell #ausbiz
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A record 6.9% of Australia's workers had multiple jobs in the June quarter. Ongoing cost-of-living pressures are likely to blame. Many workers are looking for more hours to keep their heads above water #ausbiz #auspol
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Australia's job vacancy rate eased to 2% in the June quarter - so 2% of all jobs nationwide are unfilled. The vacancy rate has been pretty stable over the past two years and is still well above the 1.4% average from 2010-19 #ausbiz
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AI still have no impact upon Australian labour productivity, which was unchanged in the June quarter and hasn't meaningfully increased in years #ausbiz #auspol
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We are quite possibly going to create the dumbest generation of university graduates we've ever seen. And that's problematic because the people most capable of working effectively with AI are those who are subject-matter experts #ausbiz #auspol economist.com/graphic-detail…

Does AI stop children from learning?

New data show the peril and promise of the technology

economist.com
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When you truly understand a topic you can immediately recognise when AI gives you garbage or hallucinates. When you outsource your university education, I'd wager you will be more easily fooled.
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Through July, Australian employment has increased 145.8k people this year. That's up from 104.9k over the same period last year, but well short of what was common in 2023 and 2024 #ausbiz #auspol
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Australia's unemployment rate increased to 4.5% in July - just slightly below its post-pandemic peak from April #ausbiz #auspol
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Wish this was the case here: bbc.com/news/articles/ckg7gg… #auspol #ausbiz

Salary information to be shown on job ads under new laws

The government argues the move would help jobseekers and could reduce pay discrimination claims.

bbc.com
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Pay transparency leads to better hiring matches, allows jobseekers to make more informed decisions and stops jobseekers from wasting time on applications.
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Businesses would inevitably complain - a lack of pay information gives them flexibility - but it'd be a winner with pretty much everyone who has to apply for jobs.
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6.5% of Australian workers have multiple jobs. That figure has been elevated for the past five years, reflecting the impact of the pandemic and the cost-of-living crisis #ausbiz
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Higher rates of remote work made working multiple jobs easier, while the cost-of-living crisis forced people to earn more.
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2.1% of Australian jobs are vacant nationwide. While that number has declined from a peak of 3.1% back in 2022, it remains well above the average vacancy rate from 2010 to 2019 (1.4%) #ausbiz
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Private business investment rose 6% in the March quarter, accounting for 12.6% of real GDP. That's the highest share since September 2015 #ausbiz
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Admittedly, a lot of that growth had to do with data centres, so the contribution to GDP wasn't that large since we import those materials.
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Real GDP per capita fell by 0.1% in the March quarter and is just 1% higher than a year ago #ausbiz #auspol
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What drove Aussie GDP growth in the March quarter? Both consumption and investment were pretty good, but that was offset by a decline in exports and strong growth in imports. That left real GDP growth at 0.3% in the March quarter and 2.5% over the past year #ausbiz #auspol
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Australia's wage price index rose 3.3% over the past year, compared to consumer prices climbing 4%. So unless you've received a promotion or changed jobs recently - and I certainly haven't - then there's a good chance your salary buys a lot less than it used to #auspol
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Callam Pickering retweeted
Callam Pickering@CallamPickeringMay 11
Another sign that the graduate market is generally healthy is low job search volumes. It’s a sign that friction in the grad market remains relatively low. Grads continue to find jobs quickly, requiring fewer job searches than in the years before the post-pandemic job boom.
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