ANZ job ads fall again

Monday 9 December 2013

ANZ job ads are falling again, down 0.8 per cent last month, after decreasing by 0.1 per cent in October. According to the bank:

“While across the different measures of labour demand there have been some signs of stabilisation, it remains unclear whether this will persist and result in an increase in labour demand over the next couple of month.”

Interesting that this measure is defying incipient improvement in SEEK figures. Still, we’ve moved from sharp falls to a slow bleed.

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.