Employment confidence drops in December quarter

Thu, 19 Jan 2023

Employment confidence has fallen from its post-covid highs in the December quarter, the latest Westpac McDermott Miller Employment Confidence Index shows.The index for the three months to December, released this morning, fell 7.2 points to 108.0, down from a post-covid high of 115.2 in the September quarter.The decline was down to perceptions about future job opportunities and job security.Westpac’s acting chief economist, Michael Gordon, said the outlook for the year ahead has softened in recent months.While the jobs market was still ver...

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