ANZ job ads fall for a fourth month

ANZ job ads for June are out and registered a fourth straight month of material decline:

Job advertisements declined 1.8% m/m in June after falling 2.5% m/m in May. After showing signs of stabilising at the start of the year, job ads have now declined for four consecutive months to be almost 7% lower than in March. Job ads were 19% below year-ago levels in June.
• Job advertisements are now close to 30% below their most recent peak at the end of 2010 and just 8% higher than the lowest level reached during the Global Financial Crisis.

Here’s the chart:

And by state:

And compared with unemployment:

The steady unwind rolls on.

ANZ Job Ads – June 2013

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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.