Job ads up in Feb; ANZ jobless rate to hit “low 3s”

07 March 2022

 

Summary:  Job ads up 8.7% in February; 31.9% higher than same month in 2021; labour demand growing, job-switching expected to rise; ANZ expects “low 3s” jobless rate later this year, underemployment rate to fall; ads-to-workforce ratio up at 1.7%. 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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