Taking all of the information from these various indicators together suggests that employment is likely to grow a bit above its long-term average over the next six months. This is consistent with our forecast that GDP will also grow a bit above trend.
https://www.rba.gov.au/speeches/2018/sp-dg-2018-10-17.html  10/13  10/17/2018  The State of the Labour Market | Speeches | RBA  Graph 9  Empirically, there is a negative relationship between the number of job vacancies and the number of unemployed persons; when demand for labour is strong the number of vacancies will generally rise, which leads to a reduction in the unemployment rate as those vacancies are filled.