Michael Gordon: Westpac senior economist on the Westpac-McDermott Miller Employment Confidence Index dropping to lowest level since 2004

Confidence in the employment market is at an all-time low, with the Iran war still rippling through the economy. A Westpac-McDermott Miller survey for the June quarter reveals confidence fell for public and private sector employees.  A net 60 percent of respondents believe it's hard to find a job, up from 46 percent last quarter. Westpac senior economist Michael Gordon says employment confidence has been weak over the past five years, and this data represents another step backwards. LISTEN ABOVESee omnystudio.com/listener for privacy information.