Employment confidence drops to pandemic 2020 levels
The latest survey indicates unemployment is nearing the peak, Westpac says.
Westpac senior economist Michael Gordon.
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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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