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.
August 06, 2024
3 Articles