ANZ job ads tick up in September

Monday 6 October 2014

ANZ’s monthly job ads series for September was released this morning and points to an ongoing disappointing pickup in internet ads, with the minuscule newspaper ads sector declining but up overall by 0.9%:

The nearly 8% annual increase in job advertisements across all media is very weak compared with previous job recoveries and it appears to be in danger of slowing further.

This is consistent with the lackluster labour market data from the ABS and Roy Morgan with headline unemployment still grinding higher:

It’s still an insipid labour market. The Aussie dollar was little changed.

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.