May job ads consistent with 5% jobless rate

07 June 2021

 

Summary:  Job ads up again in May; ads double same month in 2020; consistent with 5% jobless rate; “employment growth will be very strong”; ANZ expects jobless rate to hit 4.8% by end of this year.   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...

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