From 1Ronnie just now the applicants per job advert are now going through the roof as the pendulum gathers momentum >
...does not look well.
This is one of the most important charts for the Aussie economy. The labour market outlook for the various states is vastly different. In VIC & NSW the ratio of job applicants to job ads is rising toward Covid crisis highs, while QLD & SA are performing much better.
https://x.com/AvidCommentator/status/1788400155978530983
If they don't land that job, then that's rent not being paid. Remember Covid cash handouts are all spent.
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