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Michael Gordon: Westpac senior economist on the Westpac-McDermott Miller Employment Confidence Index dropping to lowest level since 2004
Published 1 day, 21 hours ago
Description
Confidence in the employment market is at an all-time low, with the Iran war still rippling through the economy.
A Westpac-McDermott Miller survey for the June quarter reveals confidence fell for public and private sector employees.
A net 60 percent of respondents believe it's hard to find a job, up from 46 percent last quarter.
Westpac senior economist Michael Gordon says employment confidence has been weak over the past five years, and this data represents another step backwards.
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