DEEWR Leading Indicator of Employment - June 2007
The
Leading Indicator of Employment was developed to give advanced warning of turning points in cyclical employment. It is a composite indicator combining the cyclical elements of six component series: New Motor Vehicle Approvals, ANZ Newspaper Job Advertisements, ABS Job Vacancies, DEEWR Skilled Vacancies Index and Real GDP. These series have been shown to lead employment consistently over the past two decades.