ANZ Job Ads Down In May

ANZ says their Australian Job Ads plummeted in May, but recovered strongly in the last week of the month, indicating much of the decline for the month as a whole was due to the April ‘holiday year effect’ and the timing of the election.

In seasonally adjusted terms, job ads fell 8.4% m/m and 14.9% y/y. This is
the weakest monthly result since Jan-2010 and the steepest annual fall since 2013. In trend terms, job ads fell 1.8% m/m and 10.1% y/y.

There is an alignment it seems between the employment growth and ANZ job ads growth.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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