Job ads down for fourth consecutive month in May

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17 June 2024

 

Summary: Job ads down 2.1% in May; 18.1% lower than May 2023; ANZ labour market cooling but only gradually; ACGB yields fall; rate-cut expectations firm; Westpac: supports expectation of further gradual easing in labour market; ad index-to-workforce ratio slips. 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...

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