Job ads down again in June; still well above pre-pandemic levels

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01 July 2024

 

Summary: Job ads down 2.2% in June; 17.6% lower than June 2023; ANZ: down again but still well above pre-pandemic levels; ACGB yields rise; rate-rise expectations firm slightly; ANZ: similar story in other parts of labour market; ad index-to-workforce ratio declines. 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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