September job ads index holds; market “loosening”

03 October 2023

 

Summary: Job ads slip 0.1% in September; 8.3% lower than September 2022; ANZ: up 2.3% over last 3 months; long-term ACGB yields up moderately; rate-rise expectations soften slightly; ANZ: labour market is loosening; ad index-to-workforce ratio steady at 0.99. From mid-2017 onwards, year-on-year growth rates in the total number of Australian job advertisements consistently exceeded 10%. That was until mid-2018 when the annual growth rate fell back markedly. 2019 was...

read full story