Job ads index resumes downtrend in Feb; scope for higher jobless rate

04 March 2024

 

Summary: Job ads down 2.8% in February; 12.3% lower than February 2023; ANZ: index resumes downward trend; ACGB yields fall moderately; rate-cut expectations firm; ANZ: scope for jobless rate to rise further; 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. 2019 was notable for its...

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