People have decided to stop going to Aussie – go the collapsing labour market

Fewer people are departing to Aussie this February than in Feb 08 (down 22%). The economics tea leaves never leave me wanting – maybe I need to incorporate them into my forecasting routine.

This is a drastic slowdown – and is consistent with the sharp increase in unemployment over in Aussie. Now I’m just waiting for someone to say:

1) Aussie departures near record high or,

2) John Key stems tide to Aussie.

Both will give me a little giggle 🙂

UpdateGo here, read the comments 😀