Unemployment remains stubbornly low amid a gradual cooling in the jobs market, but the resilience of the Australian economy is being tested by a global slowdown. Job vacancies dropped 0.7 per cent to 389,000 in the three months to November 2023, according to data released by the Australian Bureau of Statistics on Wednesday. But the figure still remained 71 per cent higher than in February 2020 - the last month before COVID-19 disruptions sent the labour market into freefall. ABS head of labour statistics David Taylor said it was the sixth straight quarterly drop in job vacancies, which have now fallen by around 18 per cent from the…
