ANZ job ads for January are out and continue to plod along up 1% after falling 0.1% in December:
Still little or no correlation with the ABS numberwang boom and still weak. Domainfax says:
ANZ chief economist Warren Hogan said there’d been a broad upswing in hiring intentions since early 2014.
But he added that there were signs in the trend numbers that job ads have lost some momentum in the past six months.
“This is only an early signal and will need to be confirmed by more data,” Hogan said, adding it was unlikely that the Australian economy will this year enjoy the same strong rate of job creation witnessed in 2015.
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.
