Forecasting Jobs: How Leading Indicators Predict Unemployment"

Forecasting Jobs: How Leading Indicators Predict Unemployment"

In this episode, we explore new research on how leading labor market indicators—like job advertisements, vacancies, and consumer unemployment expectations—can improve forecasts of the unemployment rate. You'll hear how combining data sources such as ABS vacancies, ANZ-Indeed job ads, and Westpac-Melbourne Institute surveys helps create a powerful summary indicator that outperforms traditional models. We also discuss the value of these tools in the Reserve Bank of Australia's forecasting framework and what they reveal about the health of the labor market. Perfect for anyone interested in economic forecasting, policy planning, or the dynamics behind employment trends.

Source: RBA

Jaksot(61)

Monthly Global Economic Update: May 2025

Monthly Global Economic Update: May 2025

In this episode, we unpack ING’s latest global economic outlook for May 2025. From trade tensions and geopolitical uncertainty to shifting central bank policies, we explore why global markets are stag...

21 Touko 202516min

Adaptability- Behavioural Interview Questions- Career Conversations Series

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In this episode of our *Career Conversation Series*, we dive into strategies for mastering behavioral interview questions—especially for aspiring economists. We explore the value of the STAR method (S...

20 Touko 202511min

Effective Communication Strategies for Economists- Career Conversations Series

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In this episode of Inside the Economist’s Mind, we delve into the art of effectively communicating intricate economic concepts to diverse audiences. Economists often grapple with the challenge of maki...

19 Touko 202511min

Analytical Skills for Economist- Career Conversations Series

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In this episode, we delve into the vital role of analytical skills in the field of economics. Drawing from two insightful sources, we examine how economists can both showcase and sharpen their analyti...

19 Touko 202511min

Economist Conflict Resolution- Career Conversations series

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In this episode, we explore why conflict resolution skills are essential for economists striving to excel in their careers. Drawing insights from two key sources, we break down seven critical areas—in...

19 Touko 202514min

Maximize Team Collaboration in Economics with Diverse Skills-Career Conversations Series

Maximize Team Collaboration in Economics with Diverse Skills-Career Conversations Series

In this episode of *Inside the Economist’s Mind*, we explore strategies for optimizing teamwork among economists with diverse skill sets. Effective collaboration is crucial in economic analysis, where...

18 Touko 20258min

Prioritising Economic Analysis Under Tight Deadlines - Career Conversations Series

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In this episode of Inside the Economist’s Mind, we delve into the art of managing tight deadlines in economic analysis. Facing pressing timelines is a common challenge for economists, and mastering ti...

18 Touko 20258min

Quarterly Energy Dynamics Q1 2025

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Join us as we unpack the key developments in Australia's energy markets for Q1 2025. This episode offers a deep dive into the latest trends in the National Electricity Market (NEM) and the Wholesale E...

16 Touko 202519min

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