Job ads up in April, downtrend “stalls”

06 May 2024

 

Summary: Job ads up 2.8% in April; 6.6% lower than April 2023; ANZ: downward trend stalls; ACGB yields fall; rate-cut expectations sending mixed messages; ANZ: 78% of businesses in NAB’s business survey reported labour was constraint on output; ad index-to-workforce ratio rises. 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...

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