ANZ job ads strengthen

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Some good news for the labour market with September ANZ job ads in at 3.9%, the best reading in a year:

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I’d put this in the same category as the PSI this morning. Good reading in the services economy coming out of the housing bubble and May stimulus but destined to fall away. ANZ clearly agrees having just installed a February and May rate cut into its outlook.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.