Summary: Job ads down 0.3% in April; 5.4% lower than April 2022; “consistent with solid employment gains”; ACGB yields up modestly; rate-cut expectations soften; ad index-to-workforce ratio steady at 1.02. 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 reduced employment advertising and this trend...