ANZ-Indeed job ads in Australia saw a 3.0% drop in July, marking the 6th consecutive monthly decline.

Australia's ANZ-Indeed job ads experienced a 3.0% drop in July, marking the sixth consecutive monthly decline. A 16.7% drop since January indicates a cooling labor market. Employer recruitment share fell sharply in June to 2021 lockdown levels, with average hours worked per employed person decreasing by 30 minutes a week since February. Job ad declines were concentrated in Victoria and New South Wales and included reductions in education, food, and nursing, but banking and finance ads rose.