ANZ job ads rebound

Monday 7 July 2014

Here’s some better news. ANZ job ads for June are out and retraced a large part of May’s big fall, bouncing 4.3%. The May result was down 5.6% but job ads are still 6% higher year on year. Just quietly, I wonder if the volatility has more to do with seasonal adjustments than it is does any Budget effect. Chart from markscuttlebutt:

Anyway, ANZ reckons the labour market is in moderate recovery, which is probably a bit better than the reality.

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.