November job ads pull back after Sep & Oct rises

02 December 2024

 

Summary: Job ads down 1.3% in November; 11.5% lower than November 2023; ANZ: September, October advertising may have eaten into end-of-year-related hiring; short-term ACGB yields rise modestly, longer-terms yields steady; rate-cut expectations soften; Indeed: sharp fall in retail only partially offset by food services; ad index-to-workforce ratio slips. 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...

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