Summary: Job ads down 2.5% in June; 10.0% lower than June 2022; ANZ: still 47.5% higher than pre-pandemic levels; ACGB yields down noticeably; rate-rise expectations soften; ANZ: direction of change is clear; ad index-to-workforce ratio falls to 0.98. 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 notable...