Employment confidence drops to pandemic 2020 levels
The latest survey indicates unemployment is nearing the peak, Westpac says.
Westpac senior economist Michael Gordon.
Employment confidence has fallen to the lowest level in nearly five years because new jobs remain hard to find.
The Westpac-McDermott Miller Employment Confidence Index fell by 3.3 points to 88.3 in the March quarter. That marked the lowest reading since September 2020, after the first Covid-19
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