Monday, December 08, 2008

What's about to happen to employment?

In the US non-farm payrolls fell an astonishing 533,000 in November. That's right. half a million jobs lost.

Here? Well look at the the ANZ job ads count for November, just released. Job ads fell 8.6% following a fall of 5.9%. They're the blue line.

Employment, the grey line, has held its own. To date.  (Click to enlarge)