Business conditions have deteriorated sharply, with steep falls in employment prospects, as well as sales and profits, according to the NAB business survey.The NAB business survey points to the economy cooling and unemployment rising in coming months
Crucially, the survey's employment index — considered by many, including officials at the Reserve Bank to be an accurate leading indicator of labour market trends — tumbled to a below average reading for the first time since 2016. The survey noted that, while leading indicators of the jobs market have been mostly positive to date, they could be expected to decline based on the prior slowing in economic activity.
"While trading and profitability have previously dipped below average, this is the first time the employment index has shown signs of weakness," Mr Oster said.
Australian Governments have turned Australia into a quarry and Contiki tour, China's screwed (Trump), jigs up, hope ya gotta Plan B?