Summary: Job ads up 0.1% in May; 6.1% lower than May 2022; signals strong demand for workers; ACGB yields up significantly; rate-cut expectations deferred until second half of 2024; ad index-to-workforce ratio steady at 1.01. 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...