August job ads index up again; to fade as the economy cools

04 September 2023

 

Summary: Job ads up 1.9% in August; 7.8% lower than August 2022; ANZ: index showing surprising resilience; ACGB yields up noticeably; rate-rise expectations soften slightly; ANZ: buoyancy of index to fade as the economy cools; ad index-to-workforce ratio rises to 1.00. 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....

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