Seek jobs ads fall in September

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Courtesy of ANZ:

SEEK also published its internet job ads data for September today. The number of new job ads declined 2.8% m/m and revisions to history now mean that the series has fallen in each month since January. The trend in the SEEK data is consistent with ANZ’s job advertisements series, which has declined for the past six months.

• SEEK job ads fell particularly sharply in the mining states of WA and Queensland in September; job ads in these states have been falling since the start of the year. WA job ads have fall 13.6% in the past two months, with this acceleration in the pace of deterioration foreshadowed by sharply lower bulk commodity prices.

Job ads data continue to suggest that employment growth will remain quite soft in the next few months. 

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.