Job ads keep falling | Company credit scores explained | Inflation remains at 3.4%

This month’s newsletter is very topical, ranging from jobs and inflation to tax compliance and credit scores. I hope you enjoy the stories:

  • Job ads fall 3.5%

  • Credit scores explained

  • Prices still rising

  • ATO issues tax warning

Jobs & Skills Australia (JSA) has reported a clear easing in the labour market, although it remains tighter than before the pandemic.

The recruitment rate (which reflects the share of employers recruiting) was 50% in the December 2023 quarter – which was higher than the 48% recorded in the previous quarter but lower than the 56% from the previous year.

The number of job ads in the December quarter fell 3.5% quarter-on-quarter and 5.8% year-on-year.

Inflation held steady in January, with the consumer price index coming in at an annual rate of 3.4% for the second consecutive month, according to the Australian Bureau of Statistics.

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