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.